Survivor Benefits

摘要

The latest stage in thernslow shuttering of New York-based D.B. Zwirn & Co. came in late May, when its investors approved the transfer of about $2 billion in assets to crosstown rival Fortress Investment Group.rnIt's a move that makes sense for Fortress in part because some of the holdings are similar to what the publicly traded alternative-investment firm already owns. Had the assets gone in a fire-sale auction, as they could have if Zwirn had been forced into bankruptcy, they might have fetched lower prices, driving down the value of assets held by Fortress.