Cerberus dismisses talk of fund defaults
Wednesday, September 2, 2009 : PermalinkThe Washingtom Post – Cerberus Capital Management LP on Tuesday dismissed market speculation that some of its hedge funds, which have suffered losses and heavy redemptions, are in danger of default.
Traders in London and Frankfurt were buzzing with talk that a major hedge fund was headed for default. Much of the talk was directed at Cerberus, a private equity and hedge fund firm hit hard by losses on investments in Chrysler and GMAC.
Tags: capital-management, hedge fund, market speculation, Private Equity
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