Thursday, 29 January 2015
Last updated 19 min ago
Dec 21 2007 | 11:01am ET
The Carlyle Group’s foray into hedge funds is not going as planned. The firm’s Blue Wave hedge fund suffered another big monthly decline in November, and is down almost 15% year-to-date.
Blue Wave was hurt last month by continuing credit market losses. The fund, which has received some $150 million in new commitments, declined by 6% last month, Bloomberg News reports. It managed $690 million at the beginning of October.
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…