Cerberus Capital Strives To Find A Way Out Of Gunmaker

After failing to deliver on its promise to divest itself of ownership of ammunition maker Freedom Group, Cerberus Capital Management is now offering another option to its investors. The hedge fund and private equity firm has given its clients an unusual option to individually chose if they want to invest in the gun company or not.

Cerberus would let investors opt out of specific company

The new solution that Cerberus has formulated allows investors the choice to sell their economic interest in Freedom Group. Previously Cerberus had failed to...