Scavengers and scratchers of value
In Greek mythology, Cerberus was a three-headed dog with a mane and a tail of snakes that guarded the gates of Hades. One of the 12 labours of Hercules was to capture him.
It’s an appropriate name for a vulture fund that’s reckoned by some to have been the most active player in the Asian distressed debt market in the first six months of 1998.
“There is no doubt that Cerberus can move the market,” says one rival.
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