Carlyle Group reports loss as fund values fall

[alp227]

Source: marketwatch.com

Carlyle Group LP reported a loss for the second quarter as revenue plummeted, dragged down by the performance of its funds.

The combined value of funds in which it shares profits declined 2% in the second quarter, with its publicly listed holdings down 10%.

While overall performance was better than the 3.3% drop by the Standard & Poor's 500 index, the depreciation Carlyle reported was among the heftiest recorded by listed alternative-asset managers.

Blackstone Group LP also reported a 2% dip in the value of its private-equity investments, but KKR & Co. and Fortress Investment Group LLC gained more than 5% with their portfolio companies, and Apollo Global Management LLC's investments were also up 1%.

Read more: http://www.marketwatch.com/story/carlyle-group-reports-loss-as-fund-values-fall-2012-08-08

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The book "House of Bush, House of Saud" by Craig Unger details the connections between Carlyle, George W. Bush, and wealthy Saudi entrepreneurs.

[aquart]

1. Oh, drat. Fire a maid!

[Wilms]

2. Don't forget Madelaine Albright and Tony Blair. n/t

[roguevalley]

3. yay. good for karma

[Sanity Claws]

4. yippee!!!

[lunatica]

5. Did their weapons sales to countries we're at war with decline?

Damn that Obama! Why is he ending the wars!?

[Bainbridge Bear]

6. Ahhhhhhhh

That means that the Bush Crime Family portfolio took a hit. Its a bitch when you can't keep making money creating more war.

[sofa king]

7. Yes, it is dark times for them.

No family member inside the White House, a diminished flow of insider information, no way to bungle prosecutions or receive favorable regulatory rulings, and their most important silent partner hunted down and killed in Pakistan by President Obama.

But they'll be back.

And welcome to DU!

[goclark]

8. Looks good on um!