Thursday, 18 September 2014
Last updated 10 hours ago
Jul 31 2014 | 12:33pm ET
The Carlyle Group said its second-quarter earnings doubled as it partook in the private-equity industry’s selling spree.
The Washington, D.C.-based firm said its distributable earnings for the quarter were $324 million, up from $163 million in the year-earlier period, buoyed by investment exits. The firm said that its European fund began contributing to its fee income for the first time during the quarter.
All told, Carlyle’s p.e. funds gained 5% on the quarter.
Carlyle co-CEO William Conway said the firm expected its European investments to continue to pay off. “Europe and Japan are both priced at about 20% lower than the United States. That is too big a discount.”
Carlyle’s assets under management rose to $202.7 billion from $198.9 billion at the end of the first quarter.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.