Centerbridge Credit Fund To Return US$500 Million

Oct 1 2012 | 6:46am ET

Quantitative easing has been a boon to Centerbridge Partners' credit hedge fund. But it's also proving a damper on opportunities for the US$8.3 billion hedge fund.

Centerbridge on Friday told investors in its Credit Partners fund that it would return US$500 million. The firm said that it has as much as US$2 billion of the fund's assets simply sitting in cash due to the paucity of enticing options.


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