|AUM as of||September 30, 2007|
OverviewBlue Wave is a hedge fund based in New York. It was founded in 03/2007 by Carlyle Group. They hold $690 million in assets under management as of September 30, 2007. Run by Rick Goldsmith and Ralph Reynolds, both formerly of Deutsche Bank AG. They wanted to launch the fund with $1 billion.
- 07/31/2008 Carlyle liquidating Blue-Wave hedge fund said to return 2% in 2008 but never got enough capital to be scalable
- 11/27/2007 Carlyle's Blue Wave Hedge Fund Loses 9.3% Since March
- 04/05/2007 Buyout firm Carlyle to launch hedge fund