Cerberus, many agree, was like so many private equity firms that overreached during the late boom in corporate buyouts.
Mr. Feinberg employs a Who’s Who of Washington insiders, among them John W. Snow, the former Treasury secretary, and Dan Quayle,
co-investors include the investment arm of Abu Dhabi as well as hedge funds like York Capital. …, like Eton Park
A few weeks ago, Cerberus began telling its co-investors that it was likely to give up control of Chrysler’s auto unit
Cerberus’s investors in the Chrysler deal include pension funds for public employees in Indiana and for public school employees in Pennsylvania,
Click on the following to read the whole story:
Cerberus Tries to Salvage What It Can From Chrysler - NYTimes.com
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