Hedge Fund Founder Och Sues Sculptor Over Compensation Fight (1)

Sculptor Capital Management Inc. founder Dan Och and other former executives sued the hedge fund firm over Chief Executive Officer Jimmy Levin’s “escalating compensation awards.”

The plaintiffs are seeking emails, text messages and other records related to Levin’s promotion to CEO and how the board determined his pay, which totaled $145.8 million last year even as Sculptor’s main fund trailed peers, according to a complaint filed Wednesday in Delaware Chancery Court. Levin, 39, has two separate contracts: one for the top job and the other for his role as chief investment officer.

Since taking the reins in April 2021, ...