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	<title>Wall Street Folly &#187; GLG</title>
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		<title>Cerberus is lighter of 2 partners including Ken Leet; Will Fidelity&#8217;s flock get fleeced in its new deal with KKR?; GLG recovering from its near death experience; NYC bankruptcy court is used to getting big cases</title>
		<link>http://files.wallstreetfolly.com/wordpress/2009/06/cerberus-is-lighter-of-2-partners-including-ken-leet-will-fidelitys-flock-get-fleeced-in-its-new-deal-with-kkr-glg-recovering-from-its-near-death-experience-nyc-bankruptcy-court-is-used-to-getti/</link>
		<comments>http://files.wallstreetfolly.com/wordpress/2009/06/cerberus-is-lighter-of-2-partners-including-ken-leet-will-fidelitys-flock-get-fleeced-in-its-new-deal-with-kkr-glg-recovering-from-its-near-death-experience-nyc-bankruptcy-court-is-used-to-getti/#comments</comments>
		<pubDate>Mon, 08 Jun 2009 20:33:56 +0000</pubDate>
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				<category><![CDATA[Bankruptcy]]></category>
		<category><![CDATA[Hedge funds]]></category>
		<category><![CDATA[Private equity]]></category>
		<category><![CDATA[WSF]]></category>
		<category><![CDATA[Cerberus]]></category>
		<category><![CDATA[Fidelity]]></category>
		<category><![CDATA[GLG]]></category>
		<category><![CDATA[KKR]]></category>

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		<description><![CDATA[
HTML clipboardTwo Senior Partners Leave Cerberus &#8211; Wall Street Journal
Two senior partners in Europe at Cerberus Capital Management, the U.S. buyout firm that owns Chrysler, have left the company.
Ken Leet, a former strategic adviser to Ford Motor Co., has left, 2½ years after the private-equity firm hired him to strengthen its European business, according to [...]]]></description>
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