Cerberus readies CMBS fund
By Lawrence Delevingne
Tue Mar 12, 2013
The $20+ billion firm builds on the success of its RMBS offering.
Cerberus Capital Management is preparing the launch of a new hedge fund to focus on the commercial mortgage backed securities market.
The Cerberus CMBS Opportunities Fund is slated to begin trading in the second quarter, according to marketing materials sent to investors in January. It requires a $3 million minimum investment and offers quarterly liquidity following a one-year lockup; management and performance fees are 2% and 20%. The prime brokers are...
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