(Reuters) A little-known hedge fund has emerged as Carlyle Group biggest outside shareholder after seizing on a sell-off of the U.S. private equity firm’s stock as a “no-brainer” buying opportunity. New York-based Okumus Fund Management Ltd is so convinced that Carlyle has been unfairly discounted by investors that it bought $110 million worth of Carlyle shares in December – an 8.8 percent stake that accounts for a fifth of its $550 million fund.
Hedge Fund Views Cheap Carlyle Stock A ‘No-Brainer’ Bargain
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