Zwirn Execs Out After Bookkeeping Flap

Feb 7 2007 | 11:22am ET

A pair of D.B. Zwirn executives are out of a job as the New York hedge fund continues to reel from revelations about a bookkeeping scandal.

The New York Post reports that Harold Khan, chief operating officer, and David Proshan, general counsel, have resigned. Shareholders were notified of the departures in a letter, the tabloid said.

In October, CFO Perry Gruss resigned after the firm found that he had allegedly misallocated expenses to client accounts.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of