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...

TAKE A FREE TRIAL

The full contents of this article are available to active AR subscribers and trialists only.

To continue reading please,
take a free trialsubscribe or log in to AR.

Subscribe

Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.

Subscribe now