Carlyle Acquires Fund Of Hedge Funds Diversified Global

Nov 26 2013 | 12:41pm ET

The Carlyle Group has agreed to buy fund of hedge funds Diversified Global Asset Management, giving the firm a platform for such investments.

The Washington, D.C.-based private-equity giant will pay as much as US$103 million for the Toronto-based firm, which will become its fund of funds platform. DGAM has more than US$6.7 billion in assets under management.


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