Wednesday, 28 January 2015
Last updated 5 hours 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…