Friday, January 1, 2016

CNBC's Annual PEU Review Omits Carlyle Group

 CNBC reported on 2015 stock performance for a number of publicly traded private equity underwriters (PEU).  Reporters used a number of terms besides private equity  to describe the companies, LBO, public deal makers, and hedge fund asset class.  They highlighted the beating most took in their annual stock performance.

I found it interesting the report omitted The Carlyle Group, especially given Carlyle co-founder David Rubenstein is a frequent guest speaker on CNBC.  Carlyle also values its good name.  I offer the following chart on Carlyle's 2015 stock performance.
The reported closed the story with "the hedge fund asset class is losing public favor."  That should help private equity keep its good name.  Blame it on the hedgies.

Update 1-8-16:  CG is down to $13.88 per share, nearly two dollars per share from 12-31.