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