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: George Schultze On His Fund's Unique Approach to Distressed Investing

Apr 16 2015 | 1:01am ET

George Schultze is a managing member of Schultze Asset Management, a long/short...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Minnesota Supreme Court Rejects The Ponzi Scheme Presumption: Lenders Claw Back Some Of Their Own Rights

Apr 17 2015 | 9:23am ET

A recent court ruling in Minnesota has put an end to the Ponzi Scheme Presumption...

 

Editor's Note