Oct
30
Morning Agenda: Shunning Hedge Funds, Chip Makers Consolidate, Tech Lessons
ByFirst it was public pension funds, then insurance companies. Now private equity is joining in, too.
Carlyle Group is turning its back on hedge fund investments. Put simply, performance was not good enough.
Carlyle — which once had hedge fund investments worth $15 billion — is expected to have just $1 billion by the end of the year. It had turned to hedge funds in an effort to diversify, but has instead found its bottom line weighed down by them…
Morning Agenda: Shunning Hedge Funds, Chip Makers Consolidate, Tech Lessons
