Thursday, February 11, 2016

Carlyle's AUM Drops by $5 Billion

From September to December 2015 The Carlyle Group experienced a $5 billion drop in assets under management.  AUM fell from $188 billion to $183 billion over the three month period.

The earnings call highlighted the beating Carlyle has taken in the hedge fund arena:

Hedge fund AUM declined to $8.3 billion as of the end of 2015, compared to $13.4 billion as of the end of 2014 and we expect AUM runoff of approximately $3.1 billion in 2016, which redeemed assets are sold and returned to investors.
People want out of Carlyle's hedge funds.  We'll see if they want in on CG stock.