The healthcare sector went on a tear beginning in 2011, thanks in large part to the passage of the Affordable Care Act and its impending implementat
Thursday, 19 January 2017
Last updated 15 hours ago
Apr 22 2014 | 12:21pm ET
A Carlyle Group fixed-income hedge fund has posted double-digit losses this year.
Emerging Sovereign Group’s Treasury Opportunities Master Portfolio is down 22% through April 11, Bloomberg News reports. Another of the firm’s funds, the $203.8 million Credit Macro Event Master Fund, is down 6% to the same date.
Carlyle bought ESG, seeded by Tiger Management founder Julian Robertson in 2002, in 2011. Treasury Opportunities, which has $128.1 million in assets, returned 33% last year.
ESG blamed weak U.S. employment numbers for the decline.