Cerberus carves out RMBS offering

By Lawrence Delevingne

Tue Feb 8, 2011



The firm has created a new hedge fund for its high-performing RMBS strategy.


Cerberus Capital Management is capitalizing on its successful residential mortgage bets by creating a new hedge fund focused on the housing market.

The recently launched Cerberus RMBS Opportunities Fund invests in both agency and non-agency mortgage backed securities and loans, using the same team and strategies that helped bring the distressed-focused money manager back to health following financial crisis losses tied to stakes in Chrysler and GMAC.


As...

ISSN: 2151-1845 / CDC10004H

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