Cerberus shops new mortgage fund
August 03, 2010
Katrina Dean Allen
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...
TAKE A FREE TRIAL
The full contents of this article are available to Absolute Return subscribers and trialists only.
To continue reading please, take a free trial, subscribe or log in.
Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.