Carlyle Funds Lose In Q2

Jul 10 2012 | 11:57am ET

The Carlyle Group has suffered another first as a publicly-listed company: the release of bad news.

The private equity giant, which went public in May, said its carry funds—those that it advises, excluding its hedge and structured credit funds—fell 2% in value during the second quarter. That, in spite of the fact that the firm's global market strategies business, including its distressed and mezzanine investments, grew by 3% over the past three months.

Energy investments were the biggest culprits, losing 5%. Buyout funds dropped 2%. Real-estate investments rose 1%.

The carry funds remain up 8% on the year and the global market strategies funds 15%.

Carlyle will report its full second-quarter results next month.

Carlyle's carry funds account for $88.5 billion of its $159 billion in assets under management.


In Depth

Q&A: Portfolio Advisors' Brian Murphy On The Advantages of A Private Markets Platform

Jan 2 2018 | 11:05am ET

Most private markets firms reference their platforms as a source of competitive...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...