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.
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.
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