Sculptor CEO Levin’s Pay Will Be Cut Under Rithm Deal Terms (2)

Hedge fund firm Sculptor Capital Management Inc. said its deal to be acquired by Rithm Capital Corp. will cut Chief Executive Officer Jimmy Levin’s pay, a flash point in the long-running dispute between the publicly traded hedge fund firm and its founder.

Under the deal, Levin’s pay will be capped at $30 million, with half paid in cash and the rest in deferred compensation, the company said in a proxy statement filed Monday. In July, Rithm agreed to buy Sculptor in a deal valued at about $639 million, which is set to complete in the fourth quarter.

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