Carlyle Finds Hedge Funds Hazardous


David M. Rubenstein, co-founder and a co-chief executive of the Carlyle Group, in Carlyle’s Washington offices last year. CreditDrew Angerer for The New York Times

If nothing else, the last week has proved it can be very difficult to run a hedge fund. The Carlyle Group, the private equity giant, has known that for much longer.

Its Carlyle Capital fund became a harbinger of the financial crisis after it imploded in March 2008. Months later, Blue Wave Partners, Carlyle’s entrance into hedge funds, ended abruptly after it failed to raise enough money from investors…

Carlyle Finds Hedge Funds Hazardous

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