Wednesday, 1 October 2014
Last updated 1 hour ago
Aug 8 2012 | 12:37pm ET
The Carlyle Group said the second quarter was its best for fundraising in four years as it announced a 29% increase in distributable earnings.
The private equity giant took in $3.9 billion during the three months from April to June. Washington, D.C.-based Carlyle added that it was on track to raise $10 billion for its latest fund.
"The nearly $4 billion in new capital we raised this quarter reflects the expected pick-up in fundraising as our sixth U.S. buyout fund began to close on new commitments," co-CEO David Rubenstein said.
The firm said it invested $1.4 billion during the second quarter. But while distributable earnings rose to $115 million, a 2% decline in the value of Carlyle's private equity portfolio sent the firm to a $57 million net loss on the quarter, compared to a $237 million profit in the year-earlier period.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...