Aug
19
Carlyle Having Second Thoughts On This Whole Hedge Fund Thing
By
Not what he had in mind.
Specifically, the Claren Road hedge fund thing, which Carlylebought back in 2010 when it was trying to become a diversified asset-management giant. You know, on account of its losing a whole bunch of money over the last 18 months and the fact that no one wants to invest in it anymore. Little things like that.
Investors submitted redemption requests totalling $1.97bn, or 48 per cent of the fund’s assets of $4.1bn at the end of July, according to a filing with the Securities and Exchange Commission.
Last September the fund was managing $8.5bn, its peak level…
Carlyle Having Second Thoughts On This Whole Hedge Fund Thing
