Is this the highest paid young hedge fund professional ever ?

Young Guns

He is said to have made a hugely successful trade involving more than $7.5bn on structured credit debt investments in 2012 that resulted in gains of some $2bn.

Forbes reports that James Levin first got to know billionaire hedge fund manager Daniel Och when he taught Och’s son to water ski at camp a number of years ago.

At 31, Levin these days is a prized employee at Och’s Och-Ziff Capital Management hedge fund firm and last year Levin was paid phenomenally well even by the standards of the rich hedge fund industry.

According to a recent Securities & Exchange Commission filing, Och-Ziff Capital Management paid Levin $119 million in 2013. Nearly all of Levin’s compensation last year consists of stock awards and the value relates to the grant-date fair value of unvested Och-Ziff Group A units. A spokesman for Och-Ziff Capital Management declined to comment.

Levin was promoted at the age of 30 in 2013, becoming an executive officer at Och-Ziff Capital Management, where Levin is head of global credit investing. Levin made a hugely successful trade involving more than $7.5 billion on structured credit debt investments in 2012 that resulted in gains of some $2 billion, according to a 2013 report in The Wall Street Journal. It was described as one of the best bets on Wall Street in 2012.

Hit the link below to access the complete Forbes article:

The 31-Year-Old Hedge Fund Star Who Was Paid $119 Million

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