Clients Flee Cerberus, Fallen Fund Titan.

The article reports that investors who are clients of the private equity firm Cerberus Capital Management LP have withdrawn over $5.5 billion from hedge funds operated by Cerberus, 71 percent of those funds' total assets. Cerberus had previously suffered large losses in its investments in the U.S. automobile industry. The company is presented as an example of the problems facing hedge funds in the aftermath of the global financial crisis.