Carlyle to Quit Hedge Fund Biz

[kreslik.news]

Carlyle, the multinational private equity, alternative asset management and financial services group, is deciding on whether to pull out of its hedge fund activities, as the firm battles with its offerings and the fact that one of its remaining vehicles has fallen by nearly 90 percent in the last two years, according to the Financial Times today.

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A run of bad luck…

This month, Emerging Sovereign Group, one of the hedge funds majority owned by Carlyle, informed investors that Carlyle was selling its stake back to ... (read more)