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This Hedge Fund Is Betting $280 Million on a 34-Year-Old Guy

  • ‘You pay people for what you think they’re going to do’
  • Firm lost a third of its assets to Africa bribery scandal
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Och-Ziff's $280 Million Bet on Co-CIO Jimmy Levin

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Dan Och still runs the show at Och-Ziff Capital Management Group. He’s the chief executive officer, the chairman of the board and very much the face of the hedge-fund powerhouse he founded more than two decades ago.

But in the wake of a bribery scandal that spooked clients and blew away a third of its assets, the fund’s fate is in many ways now in the hands of a little-known 34-year-old named Jimmy Levin.