Cerberus, the investment group, is barring investors in two new hedge funds from withdrawing money for three years in an effort to avoid a repeat......
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The financial industry meltdown has been the worst since the great depression. BNET Financial provides daily industry trends and news coverage with insights for managers and executives about the major financial services companies in the banking and finance sector. In addition to detailed company profiles, we bring you industry analysis on new mergers, partnerships, financial products, rates, investments, capital, and a host of other critical factors of success in the finance business.
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Cerberus dismisses talk of fund defaults
Reuters -
83 days 20 hours 27 minutes ago
By Joseph A. Giannone NEW YORK (Reuters) - Cerberus Capital Management LP on Tuesday dismissed market speculation that some of its hedge funds,...
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Cerberus to ban withdrawals from new funds
Reuters -
82 days 10 hours 42 minutes ago
NEW YORK (Reuters) - Cerberus Capital Management LP CBS.UL said on Wednesday it will prohibit investors in new hedge funds from withdrawing money...
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