Cerberus' problems deepen amid Chrysler, GMAC woes

Newswire

By Jonathan Stempel NEW YORK, Feb 24 (Reuters) - Cerberus Capital Management LP, the brash private equity firm named for a demonic dog, has been humbled in recent weeks by woes at two of its larger investments, automaker Chrysler LLC and auto and mortgage lender GMAC LLC. Those companies' problems are merely among the most prominent in a series of bumps affecting one of the giants in private equity. Cerberus is run and founded by the reclusive Stephen Feinberg, and named for the ...

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