Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information.
Thursday, 8 December 2016
Last updated 7 min ago
Nov 15 2007 | 7:41am ET
The Carlyle Group’s first hedge fund has reportedly run into trouble, and is facing redemption requests.
Carlyle-Blue Wave Management Partners has been burned by bad credit trades, and has not reached its specified goal of raising $1 billion, Reuters reports, and investors are seeking their money back.
Carlyle-Blue Wave was launched in the spring by former Deutsche Bank traders Ralph Reynolds and Richard Goldsmith, with former Amaranth Advisors credit trader Scott Davidson handling its credit strategies.
Washington, D.C.-based Carlyle says it continues to invest the $700 million the fund has collected.