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The hedge fund he founded, named for himself and led for 24 years—including through a damaging bribery scandalisn’t doing so well, thanks to said bribery scandal (and is also no longer named for him and possibly no longer returning his calls). Dan Och, though? Yea, Dan Och is doing fine.

Mr. Och paid roughly $95 million for the penthouse unit as well as a smaller unit on a lower floor of the building, located at 220 Central Park South…. Mr. Och’s new four-bedroom apartment spans about 9,800 square feet, according to marketing materials for the property.

Not bad for a second home, especially one where you get to keep Sting as a neighbor and also say hi to Ken Griffin (who incidentally may be looking for the most expensive residence in Austin, which we understand can be had for a relative pittance) in the elevator in the unlikely event that the two of you are ever in the building at the same time.

Mr. Och recently relocated to South Florida to save on taxes and plans for this home to be a pied-a-terre, according to people familiar with the matter.

Steve Cohen’s apartment remains available.

Hedge-Fund Billionaire Dan Och Buys $95 Million Home on Central Park South [WSJ]
Ken Griffin’s Citadel Securities is opening an office in Austin. Yes, Austin [Fast Company]


By World Economic Forum [CC BY-SA 2.0], via Wikimedia Commons

Who Is This ‘Dan Och’ You Speak Of?

The former Och-Ziff Capital Management no longer dares speak its founder’s name.

By World Economic Forum [CC BY-SA 2.0], via Wikimedia Commons

Dan Och Can’t Wait To Look Down On The Poor Sucker Living In His Former Central Park West Hovel

And since he’ll be doing it from 220 Central Park South, he’ll literally be looking down.


Things Looking Up At Och-Ziff

By which we mean they are looking less down.

By World Economic Forum [CC BY-SA 2.0], via Wikimedia Commons

America Not The Only Thing Putting Painful Chapter Behind It This Week

The former Och-Ziff Capital Management is done with its bribery dealings.

This is fun.

Dan Och Encouraged By Conversations He’s Having With Clients Racing Out The Door

Oh, like EVERY fund isn't dealing with 11 figure withdrawals? Oh, they're not?

This is fun.

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

Also, the same man who failed to notice the continent-wide bribery ring run by his lieutenant isn’t impressed with the hedge fund’s corporate governance.