Carlyle Majority Owner Of Company At Center Of NSA Leak Case

Jun 11 2013 | 12:09pm ET

Booz Allen Hamilton has been a profitable investment for the Carlyle Group, but in the wake of an intelligence leak scandal, it may prove a headache.

Shares of the government consultancy fell after an employee, Edward Snowden, came forward as the source of documents showing that the National Security Agency was tracking Verizon phone records in the U.S. Booz Allen fired Snowden today.

Carlyle bought Booz Allen's government contracting business in 2008 and has made some $2 billion on it since. The private-equity firm still owns 67% of the company, which went public in 2010.


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note