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Cerberus Capital Launching New Hedge Fund

Oct 30, 2013
Jing Chen

New York-based hedge fund firm Cerberus Capital Management has launched a fund that invests in commercial mortgage debt.

Bloomberg reported that the new fund, which began trading on October 7, bets on and against senior and subordinated commercial mortgage-backed securities, interest-only securities, commercial real estate collateralized-debt obligations and mezzanine loans.

The new fund is managed by head of commercial mortage trading Scott Stelzer, managing director Kyle Schneider, senior vice president Ross Feldman and assistant vice president Matthew Waldenberg.

Launched in 1992, Cerberus specializes in distressed investing.

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