Thursday, February 28, 2013

Wall Street’s comeback kid


Two years after clearing his name, former hedge fund honcho Dan Zwirn is giving it another go. The 42-year-old founder of now defunct D.B. Zwirn — which collapsed in an accounting scandal — has hired two execs to help him rebuild his lending and investment empire.

Despite the difficulties of the last few years, Zwirn feels “compelled” because he loves deal-making and investing, said a person familiar with his plans.

Ideally, he would like to build an investment firm to rival the likes of Cerberus or Fortress, which ended up buying D.B. Zwirn’s assets after its demise, the person told the NY post.  People close to Zwirn told the Post that his plans were in the “very early stages.” He started meeting with potential business partners and investors around Labor Day…

Read al about it at http://www.nypost.com/p/news/business/comeback_kid_laUmKgEXJQOTMFimGam7CM

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