{"id":11492,"date":"2009-08-31T00:37:01","date_gmt":"2009-08-31T08:37:01","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=11492"},"modified":"2009-08-31T00:37:01","modified_gmt":"2009-08-31T08:37:01","slug":"deals-backfire-as-investors-seek-55bn-from-cerberus","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2009\/deals-backfire-as-investors-seek-55bn-from-cerberus.html","title":{"rendered":"Deals backfire as investors seek $5.5bn from Cerberus"},"content":{"rendered":"<p>Times Online &#8211; Investors in Cerberus are seeking the return of more than $5.5 billion (\u00a33.3  billion) from the fund, which has made a series of poor investments,  including the acquisition of GMAC, General Motors\u2019 finance division, and of  Chrysler, the bankrupt carmaker.<\/p>\n<p>The collapse in confidence caps a remarkable fall from grace for Cerberus. The  American investment fund, which has several hedge funds and a private equity  unit that invests in distressed businesses, was once the darling of Wall  Street, but it lost its way with bets on the US automotive industry.<\/p>\n<p><a title=\"Read Complete Article\" href=\"http:\/\/business.timesonline.co.uk\/tol\/business\/industry_sectors\/banking_and_finance\/article6815523.ece\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Times Online &#8211; Investors in Cerberus are seeking the return of more than $5.5 billion (\u00a33.3 billion) from the fund, which has made a series of poor investments, including the acquisition of GMAC, General Motors\u2019 finance division, and of Chrysler, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[15755,11708,465,16277],"class_list":["post-11492","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-distressed-businesses","tag-hedge-funds","tag-investment-fund","tag-private-equity"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=11492"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11492\/revisions"}],"predecessor-version":[{"id":11494,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11492\/revisions\/11494"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=11492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=11492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=11492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}