Cerberus fights troubles on multiple fronts

Fri Apr 3, 2009




In an effort to placate unhappy investors, Cerberus Capital Management is establishing a special purpose vehicle to meet redemption requests for its Cerberus Partners fund. Nonetheless, with redemption requests continuing to pour in, the firm said it could take years before it is able to repay investors in full.

A Cerberus spokesman declined to comment.


At the end of 2008, Cerberus was hit with redemption requests...

ISSN: 2151-1845 / CDC10004H

Register

By registering you will receive

  • A monthly newsletter on your specified areas of interest
  • A fortnightly update on the sector

Free Trial

Take a trial today and access

  • Performance news, fund launches, regulation changes and people moves
  • Profiles of fund managers, investors and distributors
  • Live league tables
  • Investor mandates


Popular Searches on HFI