Founded in the early 1990s by Steve Feinberg, the American fund, nearly taking over 4,000 employees of HSBC France, has built a reputation for tough business and lover of difficult situations in the financial sector.
Its name derives from the three-headed dog, guardian of the gateway to hell in Greek mythology. Since its creation by Steve Feinberg in 1992, Cerberus has kept the mystery going. From his modest hedge fund specializing in troubled debt, started at the age of 32, the Bronx-raised financier, along with his partner William Richter, has made one of the most powerful brands in private equity with his partner William Richter, weighing $ 50 billion. dollars in assets.
One of the most secret too, specializing in financial restructuring with forceps, lover of high-risk bets in sectors where most of her competitors do not dare to set foot, such as financial institutions in the throes of slump, the portfolios of troubled credit in Greece or arms manufacturer Remington in the United States.