After its failed high-profile bets on the US auto and housing industries, investment firm Cerberus Capital Management is now battling back investors who want out.

In a letter to clients reviewed by The Wall Street Journal, Cerberus boss Stephen Feinberg said the firm is revamping investor terms on its main hedge fund.

The Wall Street Journal

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Carney said the 90-day pause, and Trump’s pledge to negotiate new trading arrangements with dozens of countries, “will likely result in a fundamental restructuring of the global trading system.”

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Cerberus overhauls fund terms

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