Zwirn Continues to Politely Ask its Officers to Leave

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Harold Kahn and David Proshan, the COO and general counsel of D.B. Zwirn & Co, stepped down this morning as a result of continued fallout from the misallocation of fund expenses to client capital accounts. The departures of Kahn and Proshan follow the Fall 2006 resignation of former CFO Perry Gruss and David Becker, the former head of commodities trading at Citi who was publicly ousted for overstating book value to boost his bonus. Zwirn is a $5bn fund based in New York.
TWO OUT THE DOOR AT ZWIRN – [NY Post]

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