Saturday, April 4, 2026

September 2, 2009

Cerberus Capital Moves To Limit Outflows

Cerberus Capital is denying default rumors. Denial is sometimes a delay tactic.

Rumors are just that–but often where there is smoke, there is fire.

The Financial Times is reporting that Cerberus Capital Management may prohibit investors from withdrawing money for 3 years from two multibillion dollar funds.

If there is no risk of default, why, pray tell, are you prohibiting investors from withdrawls?

Credit spreads have widened in the US, and widened even more over the pond.

There may be more to this story than meets the eye.

My spies are on the case.


Categories: Banks, hedge funds

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