Wednesday, May 28, 2008
Carlyle Group in trouble - no, can't be true, can it?
Times: Stunning collapse of bond fund leaves Carlyle down, not out
The apparent overnight meltdown of a $22 billion (£10.9 billion) credit fund is a huge embarrassment for Carlyle Group, the US private equity firm with unrivalled links to big business and global politics.
Even a few weeks ago it would have been inconceivable that a fund operated by such a well-established and respected investment firm that specialised in AAA-bonds would suddenly melt down - especially when it invested in bonds underwritten by Freddie Mac and Fannie Mae, the US government-chartered mortgage groups.
Posted by rental john @ 12:28 PM (295 views) Add Comment
2 Comments
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1. little professor said...
This is very old news, and the collapse was of a subsidiary, and did not affect the main Carlyle group.
2. icarus said...
Strange that bloggers here don't have a go at the Carlyle Group - a means for ex-politicians to enrich themselves by using their old contacts.