The Down Range Forum
Member Section => Down Range Cafe => Topic started by: Pathfinder on August 28, 2009, 07:39:31 PM
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I haven't dug into this yet, appears to be one of many holdings for Cerberus. From the Firearm Blog:
http://www.thefirearmblog.com/blog/2009/08/29/cerberus-are-in-big-trouble/ (http://www.thefirearmblog.com/blog/2009/08/29/cerberus-are-in-big-trouble/)
ZeroHedge via. WSJ report that investors in the Cerberus hedge fund want out.
Cerberus Capital Management has been swamped with redemption requests with the Wall Street Journal reporting that investors are asking to pull out $5.5 billion or 71 percent of assets from its hedge funds.
Cerberus last month tried to entice investors into staying with the firm, but found that its clients overwhelmingly wanted to leave, the newspaper reported.
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Last year, when the average hedge fund lost 19 percent, Partners lost 24.5 percent on investments.
I am not sure how this is going to effect the other assets owned by Cerberus. According to Wikipedia Cerberus have $24 billion in assets.
Among their assets is the Freedom Group which owns Remington, Bushmaster, Marlin and other gun manufacturers.
(http://www.thefirearmblog.com/blog/wp-content/uploads/2009/08/image001-tm.jpg)
Freedom Group’s gun businesses
Thanks to jdun1911 and Brian info about this story.
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Smelling an anti gun legislative rat, and International conglomerate corporations acting indifferent of their holding groups, sounds like some would rather just have the cash and sit this one out.
Breaks my heart, this may effect those multi million dollar bonuses...for the elitists suits, that "play" with other peoples money....
ask Bernie Madoff,...
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They lost a lot of money from their forays into Chrysler, Chrysler Financial and GMAC..........
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They probably would have lost MORE if the gun bubble hadn't saved them. As ccd points out, they took a hosing when Obamus Maximus nationalized GM, and the several banks they were invested in.
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Speaking of banks, every time there is a bank "failure", the FDIC insures the deposits, well that's just an insurance company.
The FDIC than raises their premiums to the other banks. This creates a domino effect that affect "somewhat" healthy banks, and is the straw that breaks the camels back for others.,,,,and they fail....
The "ripple" effect carries on to Cerebrus, Enron, and their money isn't FDIC insured.
Sounds like their cashing out.
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Sounds like their cashing out.
This might not be bad advice. When you hear the loud splash of the big rats going over the side, it might be time to look for a life jacket.
FQ13
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They probably would have lost MORE if the gun bubble hadn't saved them. As ccd points out, they took a hosing when Obamus Maximus nationalized GM, and the several banks they were invested in.
Bama and Cerberus ;D ;D
(http://i703.photobucket.com/albums/ww40/BigCheeseStick/545.jpg?t=1251575741)
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This might not be bad advice. When you hear the loud splash of the big rats going over the side, it might be time to look for a life jacket.
FQ13
When you hear the sound of the big rats hitting the water it's too late for a life jacket to do you any good.
I haven't dug into this yet, appears to be one of many holdings for Cerberus. From the Firearm Blog:
http://www.thefirearmblog.com/blog/2009/08/29/cerberus-are-in-big-trouble/ (http://www.thefirearmblog.com/blog/2009/08/29/cerberus-are-in-big-trouble/)
ZeroHedge via. WSJ report that investors in the Cerberus hedge fund want out.
Cerberus Capital Management has been swamped with redemption requests with the Wall Street Journal reporting that investors are asking to pull out $5.5 billion or 71 percent of assets from its hedge funds.
Cerberus last month tried to entice investors into staying with the firm, but found that its clients overwhelmingly wanted to leave, the newspaper reported.
Last year, when the average hedge fund lost 19 percent, Partners lost 24.5 percent on investments.
I am not sure how this is going to effect the other assets owned by Cerberus. According to Wikipedia Cerberus have $24 billion in assets.
Among their assets is the Freedom Group which owns Remington, Bushmaster, Marlin and other gun manufacturers.
(http://www.thefirearmblog.com/blog/wp-content/uploads/2009/08/image001-tm.jpg)
Freedom Groups gun businesses
Thanks to jdun1911 and Brian info about this story.
There are a lot of people that would be thrilled to only have lost 19-24.5%.
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They lost a lot of money from their forays into Chrysler, Chrysler Financial and GMAC..........
http://online.wsj.com/article/SB125148681701267563.html
that's what they are saying
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yeah.. smells like some antigunism... going on there...