Wealth Management Report wrote:
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.
