In 2012, distressed-focused Cerberus Capital Management oversaw a major merger deal between satellite imaging company GeoEye, of which Cerberus was the largest stakeholder, and DigitalGlobe, the sole provider of commercial satellite and geospatial technology services for several U.S. government agencies. The deal saved GeoEye from certain death and, Cerberus founders Stephen Feinberg and William Richter hope, will revive the fortunes of the firm’s hedge funds. Assets in Cerberus’s hedge fund division have fallen by 38 percent since assets peaked in 2008 at $16.4 billion…
