The former Och-Ziff Capital Management senior figure had been at that firm almost from its inception two decades ago.

The Texas-based Perot family, renowned for business and for producing a US Presidency challenger, Ross Perot, has appointed a senior hedge fund figure as its new investment chief, this publication can confirm.

According to his Linkedin profile, Boaz Sidikaro is president and CIO of Perot Investments, having previously been executive managing director at Och-Ziff Capital Management.

He worked at that organization from August 1998 to March this year. He graduated from the Wharton School at the University of Pennsylvania with a BSc in accounting and finance.

According to a report by the Wall Street Journal, Sidikaro takes the reins from Steve Blasnik, the family’s chief investment officer of more than 30 years. Blasnik was a lawyer with no prior investment experience, the WSJ said. Perot Investments also runs an aircraft-leasing business, has an investment in a holding company of radio stations and regularly takes stakes in other businesses. 

The family’s wealth originates in Perot’s 1984 sale of his data-services company Electronic Data Systems Corp to General Motors Co. for $2.6 billion. GM two years later bought out Perot. Perot and his son, H Ross Perot Jr, later started and sold Perot Systems to Dell for $3.9 billion.