Texas and California pension funds have or will redeem their investment in The Carlyle Group's Claren Road hedge fund, according to Pensions&Investments. North Carolina and Illinois pensions are closely monitoring the situation for possible withdrawals.
SeekingAlpha reported "Carlyle will write off up to $175M of the remaining $216M value of Claren Road still on its books. The fund's managers are hearing from exiting investors and are in the process of deciding on a future path, including maybe shutting the doors." Claren Road may be one crowded exit.
