Cerberus is the focus of the WSJ's Heard on the Street

The Wall Street Journal's Heard on the Street column focuses on Cerberus today, wondering whether the fund is having problems under the hood with its acquisitions of GMAC LLC and Chrysler LLC....

Time for alarm?

"I'm not stressed," said Mark Neporent, the firm's No. 2 executive and a confidant of its reclusive founder, Stephen Feinberg.

In a rare interview at the firm's Park Avenue headquarters, Mr. Neporent dismissed any suggestion Cerberus was struggling or battening down the hatches. He said the firm has ample liquidity to do any deal that makes sense for its investors. If anything, Cerberus is slowly emerging out of its shell. Mr. Feinberg has been spending the week at the World Economic Forum in Davos, Switzerland.

The closely held firm, which has $26 billion under management, never commits more than 5% of the money in any one of its numerous funds to any single investment, Mr. Neporent said.

Cerberus's Rocky Road - Wall Street Journal