BBC Business- Private equity giant Carlyle Group has pledged to "stand by" investors in the firm’s failed billion dollar hedge fund, the Financial Times has reported.
The firm’s co-founder David Rubenstein told the newspaper that he was working on ways to address clients’ losses.
His comments came after Carlyle Capital Corporation (CCC), a unit of Carlyle Group, said it was unable to pay back its debts and may be liquidated.
Some $600m (£295m) of clients’ money will be lost if the fund fails.
