Home Hedge Funds Man Who Paid Himself $3.9 Billion To Run Hedge Fund Thinks Guy...

Man Who Paid Himself $3.9 Billion To Run Hedge Fund Thinks Guy Running Hedge Fund Is Overpaid

38
0

Once upon a time, there was a hedge-fund whose hand-picked board of directors paid him lavishly in spite of piss-poor returns, a swooning stock price, and spectacular failures in corporate governance up to and including a succession plan that failed to consider other candidates. That’s not our precis on Daniel Och’s tenure at his formerly eponymous hedge fund. Instead, it’s Och’s breathtakingly un-self-aware summary of that firm’s current CEO and his stewardship of the hastily-renamed Sculptor Capital Management.

Source link

Previous articleHedge funds build biggest bet against Italian debt since 2008
Next articleAm I investing in the right mutual funds?

LEAVE A REPLY

Please enter your comment!
Please enter your name here