Claren Road Asset Management, which is majority-owned by Carlyle Group, suffered the second biggest drop in size, with assets down by nearly $4 billion to $1.23 billion in January 2016. The credit-oriented fund, which had been popular with pension funds, had posted poor returns for more than a year, prompting many investors to exit.That's a precipitous fall, down from a high of $8.5 billion in September 2014. WSJ reported mid decline:
In July an influential investment consultant advised its clients to pull their money from the firm, and in August Carlyle disclosed that clients had requested nearly $2 billion back in the third quarter—roughly half the money the firm then managed.That's a PEU run. I don't expect these losses to impact Carlyle's outstanding investment track record of 30% annual returns.