Cerberus shoots past $1 billion in new RMBS fund
By Rob Copeland
Tue Jun 5, 2012
Up 6.98% this year, the strategy has added more than $300 million in four months.
Cerberus Capital Management has scored a big win in the hot
mortgage-backed securities market, raising more than $1 billion
new Cerberus RMBS Opportunities Fund, according to investor
documents obtained by AR.
Stephen Feinberg's firm has been on a fundraising tear of
late in the strategy, which launched in June 2008. It managed
just $188 million last August, but jumped to $705 million at
the start of the year, and crossed into nine-figure territory
in April. Cerberus now has $1.064 billion in...
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