D aniel Och is an American billionaire hedge fund manager and the founder of Och-Ziff Capital Management, which has since been rebranded as Sculptor Capital Management. After a successful career at Goldman Sachs, where he became the head of proprietary trading in the equities division, Och founded his own hedge fund in 1994 with a reported $100 million in seed capital from the Ziff brothers.
He built his firm into one of the largest and most successful hedge funds in the world, with a multi-strategy approach to investing. He took the company public in 2007 in one of the first major hedge fund IPOs. However, his later years at the firm were marred by a major bribery scandal in Africa, which led to the firm paying a massive fine to U.S. authorities. Och eventually stepped down as CEO and chairman and has since been involved in a public and acrimonious battle with the new leadership of the firm he founded. He now manages his personal fortune through his family office, Willoughby Capital.
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Daniel 'Dan' S. Och is an American billionaire investor and the founder and former CEO of Och-Ziff Capital Management Group (now Sculptor Capital Management, NYSE: SCU), a major hedge fund specializing in alternative assets. His background is rooted in elite finance: he graduated with a degree in Economics from the Wharton School of the University of Pennsylvania.
Och began his career on Wall Street at Goldman Sachs in 1982, rising quickly through the ranks to become the head of the firm's powerful proprietary trading department and co-head of its U.S. Distressed Debt Business. This experience in high-risk, high-return trading and distressed asset management provided him with the financial discipline and deep market insight that would define his entrepreneurial venture in the hedge fund world.
Daniel Och founded Och-Ziff Capital Management Group in 1994 with financial backing from the Ziff family (publishing). His founding vision was to build a multi-strategy alternative asset manager focused on event-driven, risk-averse strategies that spanned distressed debt, real estate, and leveraged finance. Och-Ziff grew into one of the largest hedge funds in the world, managing over $40 billion in assets at its peak.
The later part of his career was dominated by a major FCPA (Foreign Corrupt Practices Act) controversy involving the firm's activities in Africa, which resulted in a massive $400 million settlement with the U.S. government in 2016. The controversy led to a massive outflow of client cash, forcing the firm to shrink its hedge fund product and eventually rebrand to Sculptor Capital Management in 2019. Och stepped down as CEO in 2018, securing his multi-billion dollar fortune, but his legacy remains complex, blending immense financial success with high-profile governance challenges.
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Joins Goldman Sachs, eventually heading its proprietary trading department (Corporate Entry).
Founds Och-Ziff Capital Management Group with backing from the Ziff family (Founding).
The firm reaches its peak, managing over $40 billion in assets (Financial Apex).
The firm agrees to a $400 million FCPA settlement with the U.S. government (Controversy).
Steps down as CEO (Executive Transition).
The firm officially rebrands to Sculptor Capital Management (Corporate Restructuring).
Daniel Och's wealth is concentrated in his founding equity from Och-Ziff Capital Management Group (now Sculptor Capital Management) and his subsequent private investment capital.
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Daniel Och is a dedicated philanthropist, focusing his giving on education, healthcare, and Jewish organizations. His personal philanthropy supports his alma mater, the Wharton School, and major health institutions.
His structural contribution is tied to his role as a hedge fund leader who influenced the structure and practice of alternative asset management globally. His later career highlights the significant corporate governance and ethical responsibilities that accompany global financial power.
Daniel Och maintains the highly professional, disciplined style of a senior hedge fund executive. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic is one of stability and focused competence, reflecting the high-stakes, quantitative world of hedge fund management.
Residing in New York City, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to the strategic management of capital, blending financial excellence with the navigation of complex global governance issues.
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-0.14% | -$2.50M
+0.07% | +$1.87M
This profile is compiled from verified biographical and financial records:
All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.
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