Dan Zwirn is the Co-Founder, CEO, and CIO of Arena Investors LP. Arena is a $3.4 billion global investment firm focusing on special situations asset and credit investments in corporates, real estate, structured finance, and corporate securities. Before founding Arena in 2015, between 2009 and 2015, Dan founded and/or led several specialty finance enterprises including Applied Data Finance (a consumer finance company), North Mill Capital (an asset-based lender), and Lantern Endowment Partners (an investment fund). In 2001, while a founder of the Special Opportunities Group at Highbridge Capital Management, Dan, along with Highbridge, co-founded D.B. Zwirn & Co., a global special situations firm, which grew into a $6 billion enterprise. In this podcast we discuss, the problem with niche investors, why global bottom-up investing works, the big risks for the next 12 months, and much more.