Most Cerberus Hedge Fund Investors Want Out

Despite the uncertainty surrounding when they’ll get their money back, as well as how much of it they’ll get back, Cerberus Capital Management’s hedge fund clients are heading for the door.

Clients representing more than $4 billion of the $7.7 billion Cerberus Partners funds would rather wait years to get a smaller amount of money back than re-up with the New York-based alternative investment giant, The Wall Street Journal reports.