Daniel Och

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Daniel S. Och
Daniel S. Och - World Economic Forum Annual Meeting Davos 2009.jpg
Daniel Och at the World Economic Forum annual meeting in 2009
Born 1961
Nationality American
Alma mater University of Pennsylvania
Occupation Investor, hedge fund manager, and philanthropist
Known for Founding and leading Och-Ziff Capital Management
Net worth US$3.2 billion(February 2017)[1]
Spouse(s) Married
Children 3
Parent(s) Golda and Michael Och

Daniel "Dan" Och (born 1961) is an American investor, hedge fund manager, and philanthropist. He is the chairman and CEO of Och-Ziff Capital Management Group, a global hedge fund and alternative asset management firm.[2]

According to Forbes Magazine he has a net worth of US$3.2 billion (as of February 2017), down from his 2016 net worth of $3.7 billion.[3]

Early life and education[edit]

Och is the son of Golda and Dr. Michael Och. Och grew up in Maplewood, New Jersey and attended the Solomon Schechter Day School of Essex and Union (since renamed Golda Och Academy, in honor of his mother) in West Orange, New Jersey, a Jewish day school founded by his parents.[4] In December 2010, Och donated $15 million to the school, effectively doubling its endowment.[5] Och has a B.S. in Economics with a concentration in Finance from the Wharton School of the University of Pennsylvania.[6]

Investment career[edit]

In 1982, Och began his career at Goldman Sachs in the Risk Arbitrage Department. He was later the Head of Proprietary Trading in the Equities Division and Co-Head of U.S. Equities Trading. He worked at Goldman Sachs for 11 years.[6] In 1994, Och founded Och-Ziff Capital Management Group with $100 million initial investment from the Ziff brothers (see Dirk Edward Ziff, Daniel M. Ziff, Robert D. Ziff), heirs to publishing magnate William Bernard Ziff, Jr.[1] Och-Ziff completed an initial public offering in 2007, listing its shares on the New York Stock Exchange initially at a price of $32.00. The company's stock has declined significantly since the IPO, reaching its all-time low of 3.29 on July 22, 2016.

In February 2014 Forbes listed Daniel Och as one of the 25 Highest-Earning hedge fund managers in 2013. His 2013 total earnings of $400 million ranks him the 17th among the 25 top earning hedge fund managers.[7]

On May 8, 2015, Och was targeted by the "Hedge Clippers" activist group, who protested outside of his residence at 15 Central Park West, New York CIty.[8]

In September 2016, the U.S. government fined Och $2.2 million and the Och-Ziff fund $413 million for paying over $100 million in bribes to various African government officials.[9]

Philanthropy and political contributions[edit]

Och sits on the board of Endeavor.[10] He is the vice chair of Robin Hood Foundation, a charitable organization fighting poverty in New York City.[11]

In 2008, Och donated $28,500 to Democratic Senatorial Campaign Committee.[12]

Personal life[edit]

Och is married to Jane Och with whom they have three children.[1] [13] Och's personal interests include philanthropy, skiing, and history.[14] He has a $20 million home in Southampton, New York.[15]

References[edit]

External links[edit]