+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Meet The 31-Year-Old Hedge Fund Trader Who Made $119 Million Last Year

Apr 10, 2014, 19:00 IST

Och-Ziff

Thirty-one year-old Och-Ziff hedge fund trader James "Jimmy" Levin took home $119 million in compensation for 2013, Forbes reports.

Advertisement

According to an SEC filing, Levin was compensated primarily in stock. He did not receive "any salary or other cash compensation except for certain limited perquisites of the type that we have customarily paid to all of our executive managing directors," the filing said.

Levin, the head of a 14-person credit team for Daniel Och's Och-Ziff, crushed it in 2012. His $7.5 billion bet on structured credit debt instruments earned the firm $2 billion before fees, the Wall Street Journal reported at the time.

Levin, who is now also an Executive Managing Director, joined Och-Ziff in 2006. Before that, he worked in distressed debt and statistical arbitrage investing at Dune Capital Management and Sagamore Hill Capital Management.

He holds a degree in computer science from Harvard.

Advertisement

He first met Och when he was a summer camp counselor. Levin taught Och's son how to water ski, the Journal reported.

Next Article