- Home Prices Decline Further In Most Parts of US
- Ponzi Proceeds: Bidding on Madoff's Toys
- Housing Still Has 'a Ways to Go': Wilbur Ross Exec
- Jobless Rate to Hit 10.5%, Keeping Fed in Box: Poll
- Mortgage Modification Program Shows Improvement
- New Lows for Stocks Next Year: Equities Bear
- Trustee Seeks Billions for Madoff Investors
- AIG Moving Toward Repaying Bailout: Moody's
- 'Peak Oil' Closer Than IEA Forecasts Show: Report
- If Mickey Mouse Has to Change—What Does That Say About You?
- Nov. 10: S&P Stocks Trading at New 52-Week Highs
- Passive Job Search Strategies
- Back Off, Regulators!
- America Is On Sale
- Warren Buffett and the Crisis: 'Brilliant Moves Interspersed with Some Surprising Errors'
- Schork Oil Outlook: More Strength in Crude
- Chrysler Makes Smart Call Staying Unplugged—For Now
- Your Next Move: Thriving and Managing in Limbo
MOST SHARED
- 'Peak Oil' Closer Than IEA Forecasts Show: Report
- Pociask: In The Electronics War Does The Consumer Really Win?
- Jobless Rate to Hit 10.5%, Keeping Fed in Box: Poll
- AIG Moving Toward Repaying Bailout: Moody's
- News Corp. May Pull Content From Google Searches
- Health-Care Reform Does Little To Contain Costs: Analysts
- Home Prices Sank Further In Most Parts of US in 3rd Quarter
- Trader Tax Sound Off
- America Is On Sale
Text Size 
Cerberus Capital Management is still declining to let investors out of its main hedge fund, according to the Wall Street Journal.
In a letter to clients reviewed by the Journal, Cerberus chairman Stephen Feinberg said the firm is revamping investor terms on its main hedge fund.
The letter cites weak market conditions that are still preventing Cerberus from giving clients their money back. Cerberus also says significant macro risks may affect future results. The letter also notes that the firm has had difficulty selling existing positions.
Cerberus says it has created a special vehicle to let some investors cash out over time.
In December of last year, Cerberus suspended withdrawal requests, joining a group of hedge funds that had halted redemptions. Feinberg also said in the letter that Cerberus plans on avoiding headline-grabbing deals like its ill-fated investments in automaker Chrysler and lender GMAC.
Print
Email
- From politicians to CEOs to companies, here's your chance to vote for the winners and losers of 2009.
- What’s powering your microwave, fridge and computer? Part of it is fuel from Russian nuclear weapons. The NYT reports.
- With prices well below peak, gems could add some sparkle to your investments.
- Do free market libertarians really believe what they say about ethics and shareholder value? The Big Money takes a look.
- On the anniversary of the fall of the Berlin Wall, many in the former Eastern Bloc recall communism fondly.
- The opening of a virtual pet store in “World of Warcraft” could prove a cash bonanza for Activision-Blizzard.
Data is a real-time snapshot *Data is delayed at least 15 minutes