Cerberus Looks Outside Firm for Fund Administration
October 20, 2011
Cerberus Capital Management has retained J.P. Morgan Worldwide Securities Services to provide fund administration and related securities services for its investment funds. As part of the transition of the services, certain back-office personnel of Cerberus will become J.P. Morgan employees. The switch to using a third-party administrator will provide Cerberus with the independence preferred by its investors.