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[Cerberus Capital Management Prepares For Steve Feinberg's Departure; Frank Bruno To Become Sole CEO] Cerberus Capital Management, With $65 Billion In Assets Under Management, Is Preparing For The Departure Of Co-founder Steve Feinberg As He Becomes The No. 2 Official At The Defense Department. Frank Bruno, Co-ceo Since 2018, Will Become The Sole CEO. Feinberg, Who Owns Assets Worth At Least $2 Billion Largely Tied To Cerberus, Will Divest His Entire Stake, Potentially Through Trusts For His Children, And Relinquish All Responsibilities In The Firm.

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