Monday, September 1, 2014

Carlyle Group: Best of America?

A Carlyle Group press release stated:

Global alternative asset manager The Carlyle Group L.P. (NASDAQ: CG) today announced that its Co-Chief Executive Officer David M. Rubenstein will present at the UBS Best of America’s Conference in London on Thursday, September 11, 2014 at approximately 3:50 PM BST (10:50 AM EDT).

Rubenstein's talk will occur on the thirteenth anniversary of 9-11 and occur roughly twenty minutes after the North Tower collapsed.   President George W. Bush closed U.S. airspace but allowed the Bin Laden family, attending the Carlyle Group annual investor meeting, to leave via private plane. 

When George W. Bush was elected Carlyle had $3.3 billion in assets under management.  Today it is over $203 billion and Carlyle is a global juggernaut.  PEU billionaires reshaped the world for 30% annual returns.  While they won big, others suffered greatly.  Greed and violence can reshape the world, but it brings with it countless victims.