New York (HedgeCo.net) \u2013 One day after having a noted financial consultant advise clients to leave one of their hedge funds, Carlyle Group LP reported on Wednesday that their earnings dropped 38% on a year over year basis. Much of the blame for the decline in earnings was due to a sharp decline in energy holdings and a decline in their hedge funds.<\/p>\n
The Claren Road Asset Management hedge fund was the fund that consultant Cliffwater LLC suggested clients should exit, and it was a sore spot in Carlyle\u2019s earnings. According to an article from Reuters, the firm\u2019s economic net income fell from $289 million to $180 million. The economic net income or ENI is an earnings metric used to place a mark-to-market value on a portfolio.<\/p>\n
While Carlyle has diversified in to different investment spectrums, they are still true to their private equity roots with that segment accounting for 33% of AUM and 99% of earnings in the most recent quarter.<\/p>\n
Rick Pendergraft
\nResearch Analyst
\nHedgeCoVest<\/p>\n","protected":false},"excerpt":{"rendered":"
New York (HedgeCo.net) \u2013 One day after having a noted financial consultant advise clients to leave one of their hedge funds, Carlyle Group LP reported on Wednesday that their earnings dropped 38% on a year over year basis. Much of […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,3,16048],"tags":[],"class_list":["post-49411","post","type-post","status-publish","format-standard","hentry","category-hedgeco-networks-press-releases","category-hedgeco-news","category-hedgecovest-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/49411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=49411"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/49411\/revisions"}],"predecessor-version":[{"id":49412,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/49411\/revisions\/49412"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=49411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=49411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=49411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}