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Daniel Och

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Daniel S. Och
Daniel Och at the World Economic Forum annual meeting in 2009
Born1961
NationalityAmerican
Alma materUniversity of Pennsylvania
Occupation(s)Chairman and Chief Executive Officer of Och-Ziff Capital Management Group
Known forFounder of the Och-Ziff Capital Management Group
SpouseMarried
Children3
Parent(s)Golda and Michael Och

Daniel Och (born 1961) is the chairman and CEO of Och-Ziff Capital Management Group, a global hedge fund and alternative asset management firm.[2]

Early life

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.[3] In December 2010, Och donated $15 million to the school, effectively doubling its endowment.[4] Och has a B.S. in Economics with a concentration in Finance from the Wharton School of the University of Pennsylvania.[5]

Career

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.[5] 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 millions ranks him the 17th among the 25 top earning hedge fund managers. [6]

On May 8th, 2015, Och was targeted by the "Hedge Clippers" activist group, who protested outside of his residence at 15 Central Park West, New York CIty.[7]

In September, 2016, the U.S. government fined Ochs $2.2 million and the Och-Ziff fund $413 million for paying over $100 million in bribes to various African government officials.[8]

Philanthropy and political contributions

Och sits on the board of Endeavor.[9] He is the vice chair of Robin Hood Foundation, a charitable organization fighting poverty in New York City.[10]

In 2008, Och donated $28,500 to Democratic Senatorial Campaign Committee.[11]

Personal life

Och is married with three children.[1] Och's personal interests include philanthropy, skiing, and history.[12] He has a $20 million home in Southampton, New York.[13]

References

  1. ^ a b c "Forbes: The World's Billionaires - Daniel Och". Forbes. 5 February 2015.
  2. ^ "Daniel Saul Och". Businessweek. Retrieved 19 March 2013.
  3. ^ New Jersey Jewish News: "Schechter school mourns founder Golda Och, 74" January 13, 2010
  4. ^ West Orange Patch: "Solomon Schechter Becomes Golda Och Academy with $15M Donation" by Joshua Wilwohl December 6, 2010
  5. ^ a b "Daniel Och". Och-Ziff Capital Management Group. Retrieved 2009-04-19.
  6. ^ Vardi, Nathan (Feb 26, 2014), "The 25 Highest-Earning Hedge Fund Managers And Traders", Forbes
  7. ^ "Hedge Clippers Take On Daniel Och "The Wolf Of Wall Street"". ValueWalk. Retrieved 8 May 2015.
  8. ^ bribery settlement
  9. ^ "Daniel S. Och Joins Endeavor's Board of Directors". Business Wire. July 12, 2007.
  10. ^ "Robin Hood's Board of Directors". Robin Hood Foundation. Retrieved 2009-04-19.
  11. ^ "FundRace 2008". Huffington Post. Retrieved 2009-04-19.
  12. ^ Christine Williamson (October 19, 2009). "Strong character: Face to face with Daniel S. Och". Pensions & Investments.
  13. ^ Daily Mail: "Billionaire Lane: From fashion designers to real estate tycoons and Wall Street financiers. Meet those who live on the East Coast's most exclusive 5-mile stretch with a private beach and helipad" By CHARLENE ADAMS May 23, 2015
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