Cerberus Capital Management related stories
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A Quandry for Quadrangle?Is Steve Rattner about to become the car czar? And, if so, what does that mean for Quadrangle Group, which is currently targeting $2 billion for its third private equity fund? The car czar job is part of legislation introduced today by Rep. Barney Frank, which would impose stricter conditions on TARP and the semi-associated auto bailout/restructuring package. It also was part of the original auto industry bailout bill approved by the House of Reps, but got stripped by the Senate. No word yet on how the Senate feels this time around, although Frank is hoping for a vote in his chamber by next Wednesday.
- PE Week Wire: Friday, January 2, 2009
Random Ramblings
- PE Week Wire: Friday, January 2, 2009
Random Ramblings
- From Cerberus With Love
Cerberus Capital Management made some non-Chrysler/GMAC news last week, when CNBC reported that the firm would limit investor withdrawals from one of its hedge funds. The announcement was made in a confidential Dec. 19 letter to limited partners of Cerberus Partners LP, and peHUB has scored a copy for your downloading pleasure /wp-content/uploads//cerberus_letter.pdf Most of the five-page letter is an ode to how lousy the market is and, by extension, how screwed investors are. It also reports that the fund's YTD performance as of Nov. 30 was -15.81%, including a loss of 12.18% in October and November alone. Follow the jump for some of the letters most quotable nuggets.
- PE Week Wire: Tuesday, December 30, 2008
Random Ramblings
- PE Week Wire: Tuesday, December 30, 2008
Random Ramblings