Tag Archives: cerberus-capital-management-lp

Aozora Posts 242.6 Billion Yen Loss on GMAC, Hedge Fund Losses

Bloomberg – Aozora Bank Ltd., the Japanese lender controlled by Cerberus Capital Management LP, posted its first loss in a decade, after investments in U.S. lender GMAC LLC and Bernard Madoff soured. The bank booked a 242.6 billion yen ($2.5 […]

Hedge Funds Will Be Ruined by Withdrawal Limits:

Bloomberg – Looking for a new definition of a hedge fund? How about an organization that takes 20 percent of the profits on your money in the good times, then refuses to let you have it back when the weather […]

US hedge fund buys $US162m BHP stake

The Age – Third Point, the New York-based hedge fund run by Daniel Loeb, bought a stake in BHP Billiton worth $US162 million at the end of June, adding the world’s largest mining company to its portfolio. Third Point, known […]