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Who did Dallas’ Perot family just put in charge of the family fortune?

Dallas’ billionaire Perot family has hired a new investment chief that will manage the family’s fortune, according to The Wall Street Journal.

Veteran hedge fund trader Boaz Sidikaro, 44, will take on managing the family’s wealth after having been a part of Perot Investments since March. Sidikaro worked at New York hedge fund Och-Ziff Capital Management Group for more than 20 years.

Sidikaro will take over for the family’s longtime investment officer Steve Blasnik who held the position for more than 30 years. Blasnik told The Journal he was stepping back from the daily investment operations after having held onto a “lot of responsibility” for three decades. Blasnik said he will continue to advise Sidikaro.

Och-Ziff Capital Management Group, where Sidikaro was one of the earliest employees, has been beset with controversy for some time over an alleged bribery scheme and other investment troubles. A former executive with the company was recently indicted on fraud charges.

The family, famous for selling its companies to General Motors Co. and Dell as well as selling several oil and gas companies, is worth an estimated $5.4 billion today.

The Perot family’s investments have shaped the face of North Texas over the past several decades. The family started the Legacy business park years ago with the establishment of its company Electronic Data Systems, and the name continues to hold weight for businesses still operating in the area. The Perot family also relocated its business operations to a new site on Turtle Creek in 2017.

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