Fund Exec Accused Of Improperly Charging Investors

Law360, New York (October 31, 2006, 12:00 AM EST) -- A former finance executive of a $5 billion New York hedge fund has drawn fire for allegedly billing improper expenses to the fund’s investors over the course of several years.

The former executive of D.B. Zwirn & Co. is accused of making the fund’s investors foot the bill for “inappropriately expensed items,” the New York Post reported on Tuesday.

The hedge fund reportedly held several conference calls with investors last weekend to determine how to handle the matter of its internal financial controls.

Sources declined to...
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