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.
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