Cerberus shops new mortgage fund
By Katrina Dean Allen
Tue Aug 3, 2010
Cerberus Capital Management is trying to entice investors
with a new mortgage hedge fund, Cerberus Mortgage
Opportunities, even as it continues to liquidate assets
remaining in its distressed hedge funds, according to
individuals familiar with its plans.
The firm managed $7.447 billion on July 1, up slightly from
$7.417 on January 1. Previously, Cerberus told AR that its
hedge fund assets totaled $7.07 billion on July 1 and $7.7
billion on January 1, indicating a...
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