Cerberus are in big trouble!

Steve Johnson
by Steve Johnson

ZeroHedge via. WSJ report that investors in the Cerberus hedge fund want out.

Cerberus Capital Management has been swamped with redemption requests with the Wall Street Journal reporting that investors are asking to pull out $5.5 billion or 71 percent of assets from its hedge funds.

Cerberus last month tried to entice investors into staying with the firm, but found that its clients overwhelmingly wanted to leave, the newspaper reported.

Last year, when the average hedge fund lost 19 percent, Partners lost 24.5 percent on investments.

I am not sure how this is going to effect the other assets owned by Cerberus. According to Wikipedia Cerberus have $24 billion in assets.

Among their assets is the Freedom Group which owns Remington, Bushmaster, Marlin and other gun manufacturers.

Freedom Group’s gun businesses

Thanks to jdun1911 and Brian info about this story.

Steve Johnson
Steve Johnson

I founded TFB in 2007 and over 10 years worked tirelessly, with the help of my team, to build it up into the largest gun blog online. I retired as Editor in Chief in 2017. During my decade at TFB I was fortunate to work with the most amazing talented writers and genuinely good people!

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2 of 21 comments
  • Matt Groom Matt Groom on Sep 07, 2009

    Like in "No Country for Old Men". Moral of the story, get rid of the original case and count each bill individually.

  • Daisy Glover Daisy Glover on Apr 04, 2012

    Looking forward to reading more. Great blog post. Keep writing.