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  1. Wealth
August 24, 2009

WBull: Cerberus asked for $4bn in redemptions

By Spear's

Clients controlling more than $4bn (-2.8bn) of the $7.7bn in assets in the Cerberus Partners hedge funds have put in redemption requests, instead of investing in a new fund of Stephen Feinberg’s firm, according to a report in The Wall Street Journal.

Clients controlling more than $4bn (€2.8bn) of the $7.7bn in assets in the Cerberus Partners hedge funds have put in redemption requests, instead of investing in a new fund of Stephen Feinberg’s firm, according to a report in The Wall Street Journal.

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