Saturday, 23 August 2014
Last updated 1 day ago
Aug 7 2013 | 10:07am ET
The Carlyle Group is back in the black in the second quarter.
The private-equity giant said today that its economic net income was $156 million for the quarter, up from a $57.2 million loss in the year-earlier period. But the numbers missed analysts' estimates by a wide margin.
Under generally accepted accounting principles, Carlyle still suffered a loss, but a narrower one that in the second quarter of 2012, just $3.3 million, compared with $10.3 million. Pretax distributable earnings rose from $116 million to $163 million, as the firm exited some $4 billion in investments. The firm will pay a 16 cent dividend.
Performance fees rose to $259.1 million from a loss in last year's second quarter.
Carlyle said it raised some $6.9 billion in new capital during the quarter, as its assets under management rose to $180.4 billion from $176.3 billion at the end of the first quarter.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note