Steve Feinberg
Steve Feinberg is the Co-Founder and CEO of Cerberus Capital Management, a global leader in alternative investing with approximately $60 billion in assets across complementary credit, private equity, and real estate platforms. Under his leadership, Cerberus has generated some excellent returns. Feinberg is a private equity magnate best known for turning around struggling businesses and making them profitable. He has been described as "secretive" in The New York Times. In May 2018, President Donald Trump selected Feinberg to lead his intelligence advisory board.
Steve Feinberg Professional Experience / Academic History
Professional Experience
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Co-Founder, CEO, and Chief Investment Officer
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Trader
Academic History
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B.A., Politics
Feinberg also serves as Cerberus' Chief Investment Officer. He also co-founded other Cerberus affiliates and Cerberus Funds.
The firm executes a multi-strategy approach in distressed securities and assets, private equity, middle market lending and real estate.
The firm attracted negative attention in 2013 for its stake in Freedom Group, which manufactured the rifle used in the Sandy Hook massacre.
Cerberus has recently achieved more success with its investment in grocery chain Albertsons and its global real estate funds.
EARLY CAREER
Feinberg began his career at Drexel Burnham Lambert, where he was actively involved in trading large pools of firm capital.
Prior to founding Cerberus in 1992, he managed separate pools of capital for Gruntal & Co. and certain other accounts from 1985 to 1992.
POLITICAL INVOLVEMENT
Feinberg is a major Republican donor.
In 2016, he served on the Trump Economic Advisory Council during Donald Trump's presidential campaign, and donated nearly $1.5 million to pro-Trump PACs.
In 2018, the New York Times reported that President Trump will assign Feinberg a role in the White House leading a review of the US intelligence agencies.
He is a member of The Business Council in Washington, DC, an association of chief executive officers from a broad range of companies who meet several times a year for high-level policy discussions.
RECOGNITIONS
MEDIA & APPEARANCES
Feinberg has appeared in The Wall Street Journal, The New York Times, Yahoo! Finance, Forbes, Washington Post, New York Post, CNBC, Bloomberg, The New Yorker, Institutional Investor, and more.