Saturday, June 11, 2016

Okumus Talks Long on Carlyle Group After Selling 500,000 Shares

WaPo reported on June 3rd:

Some big shareholders such as Okumus Fund Management have pounced on Carlyle shares. Okumus began buying Carlyle shares late last year and now owns more than $100 million.

“We don’t agree with how the public market values the company,” said Tim McAlea, director of research at Okumus. “Over the long run, the earnings will grow more with the assets under management and the fees Carlyle earns. Through the cycle, Carlyle will make a lot of money for its shareholders.”
Franklin Independent reported on June 10th:

Ahmet Okumus decreased its stake in Carlyle Group LP (NASDAQ:CG) by 6.95% based on its latest 2016Q1 regulatory filing with the SEC. Okumus Fund Management Ltd sold 532,678 shares as the company’s stock rose 8.48% with the market.  
It wouldn't be the first time an investment expert screamed buy while selling.  We'll see what Okumus Q2 filing shows in regard to Carlyle.