- Morgan Stanley’s Mack Proposes Single Global Bank Regulator
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- Bank-Bailout Fund Faces Years in Red as Failures Jolt System
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- CIT in Last-Ditch Rescue Bid
- Citi, Barclays offer financing to CIT Read the rest of this entry »
Tags: Autos, Bank of America, Barclays, CIT, Citigroup, Commodities, Ebay, FDIC, Fed, GM, Hedge funds, John Mack, JP Morgan, Morgan Stanley, SEC, Taxes
Even as their investors have given them huge lack of confidence vote by opting to redeem billions from their hedge funds, Cerberus is apparently planning a three year lock up for their newest hedge fund offerings which will be looking for new cash in the not too distant future. Talk about nervy. In our opinion, anyone who invests in these funds is asking to be fucked royally. In general, the distressed deals have been getting shorter in duration, not longer, so why the need for an incredibly long three year lock up? Other than being expedient for Cerberus, a three year lock up is absurd in a hedge fund. Talk about chutzpah. 
