2008-12-23reuters.com

"Cerberus Capital Management plans to pay 20 percent of year-end withdrawals in cash and suspend the remaining withdrawals for investors in its Cerberus Partners fund, television network CNBC said on Tuesday.

Cerberus plans to suspend year-end withdrawals for up to one year, CNBC said, citing a letter from Cerberus founder Stephen Feinberg to the investors of the fund."


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