Скачать или смотреть The future of a $ 32 billion investment fund is betting on a new fund manager in excess of 30 years

Jimy Levin, a 34-year-old Harvard graduate who joined the company in 2006, was promoted to investment director in February and is promised a $ 280 million reward. Success for the company.

Och-Ziff, a venture capital fund founded by Dan Och over 23 years ago, is currently suffering a serious loss.

The fund lost about a third of its property value after being charged with unlawful charges last September. They were forced to pay a fine of up to $ 412 million after a prolonged government investigation that accused their managers of bribing government officials in several European countries. enlarged.

Currently, with the company's stock still just 20% below the peak before the scandal, a $ 32 billion fund is being handed over to the younger generation with hope. Restore the company back.

Jimy Levin, a 34-year-old Harvard graduate who joined the company in 2006, was promoted to investment director in February and is promised a $ 280 million reward. Success for the company.

According to reports from Sridhar Natarjan and Katia Porzecanski of Bloomberg, up to now, after five months under Levin's leadership, employees of the company and Wall Street investors are still looking for reasons for advancement. Suspicious of Levin.

Adam Kahn, managing partner of Odyssey Search Partners senior search company, told Bloomberg: "He is still betting like he did before with any of his investments. Dan may be quite interested in the gift package he gave Jimmy. "

This is also a risky reward structure.

In order to be able to pocket the entire $ 280 million, Levin has to stay for three years and Och-Ziff shares must yield a 125% return, including dividends.

Until now, Levin's method is working.

Last month, the company's investment fund reported a profit of 7.5% compared to the beginning of the year, while the company's stock was recovering from the previous dismal Closing at $ 3.07 on Monday afternoon.

"This is definitely a challenging period," Levin told Bloomberg. "But to move forward we focus only on what we can create control over, and that's the first rule. Our private ".

Och and Levin met at a time when Levin was still a waterboarding coach and coach at a Wisconsin camp where Och's children spend most of their summer. At first, Och ignored the desire to work at the venture capital fund of the young man. After graduating from Harvard with a degree in computer science, Levin worked for Sagamore Hill, and later Dune Capital, a venture capital fund founded by finance minister Steve. Mnuchin now no longer exists. Eventually, Och acquired Levin as an analyst with the experience of such difficult times.

Dan Och, at the age of 56, has founded a venture capital fund giant in a turbulent time, raising himself to "sitting at the table" with the right people in finance. Main. Former Goldman Sachs trader starts with $ 100 million from the Ziff brothers, publishers, and builds an empire of nearly $ 50 billion in assets by 2015.

Everything has changed by the "black deal" in Africa. Last year, a unit of Och-Ziff confessed to the illegal bribe of government officials to win win-win deals in the region. The outcome of the case included a personal fine of nearly $ 2.2 million that Och suffered.

Although under Levin's leadership the fund has risen to 7.5% since the beginning of the year, the stigma from the scandal still makes it hard for the company to find new investors. Levin does not want to talk about his current plans, but he seems quite confident about making good progress.