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...

ISSN: 2151-1845 / CDC10004H

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