Family Offices
Dan Och’s Fortune Soars With Family Office After Hedge Fund Exit
- Willoughby Capital has bet on Coinbase, Flipkart, Stripe
- Och’s wealth was curbed by Och-Ziff’s dramatic share slide
Photographer: Amanda Gordon/Bloomberg
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The best thing to happen to Dan Och, financially speaking, may have been leaving the hedge-fund firm he founded more than two decades ago.
When he exited in 2019, his Och-Ziff Capital Management had already seen more than $20 billion of outflows after becoming embroiled in a foreign bribery scandal. Its shares were down about 90% from its IPO price and regulators had made it difficult for the firm to raise money.