Carlyle To Buy Claren Road

Dec 6 2010 | 1:31pm ET

The Carlyle Group will take a 55% stake in New York-baserd Claren Road Asset Management, it said today. The move comes just months after news that Carlyle was in talks with several hedge funds about buying a stake as it seeks to expand into more liquid investments.

John Eckerson, Sean Fahey, Albert Marino and Brian Riano, the Citigroup veterans who founded Claren Road five years ago, will remain at the helm.


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