Friday, 24 June 2016
Last updated 16 min 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.