Aug
30

Daniel Zwirn Forges Partnership With Canadian Investment Firm

By

In 2009, the hedge fund manager Daniel B. Zwirn closed his firm, D.B. Zwirn, amid a Securities and Exchange Commission investigation into accounting irregularities.

Six years later, Mr. Zwirn is trying his luck again, this time with the backing of a big investor. Mr. Zwirn has teamed up with Westaim Corporation, a Canadian investment company, to create Arena Finance Company and Arena Investors, according to people briefed on the matter.

Arena Finance, which will begin with roughly $183 million, will buy and originate commercial and real estate loans, seeking to go where banks are no longer willing to go, like loans to small-scale oil and gas companies and subprime auto lending, according to these people…

Daniel Zwirn Forges Partnership With Canadian Investment Firm

Share
Categories : Uncategorized

Leave a Reply

You must be logged in to post a comment.