Apr 9 2013 | 10:15am ET
Cerberus Capital Management is planning a new fund to invest in commercial mortgage-backed securities, including the riskiest tranches of the derivatives.
The firm sought to sell the fund and strategy at a dinner in Manhattan last month for prospective investors. Cerberus said it believes that the CMBS Opportunities Fund could produce returns as high as 35%.
Mar 10 2014 | 11:33am ET
A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…