Dropping like flies. Could be part of the churn, maybe not.
Dan Och Stepping Down As Och-Ziff CEO, Replaced By Robert Shafir
Less than a week after the WSJ revealed deep turmoil at the iconic, if troubled Och Ziff hedge fund in the form of a growing feud between founder Daniel Och and former star trader James Levin, on Tuesday morning Och-Ziff management, which as of Jan 1 managed $31.9BN in AUM, announced that Robert Shafir, who formerly served as CEO of Credit Suisse Americas will succeed Dan Och as CEO effective February 5, 2018.
As part of the transition, Mr. Shafir will join the Board of Directors on the same date. Mr. Och, the Company’s largest shareholder, will continue to serve as Chairman of the Board through March 31, 2019, after which time he expects to remain involved with the firm.