Carlyle Capital

Read About Hedge Funds

Key Facts

Founded07/2007
Websitehttp://www.carlylecapitalcorp.com
AUM$21.0 billion
AUM as ofMarch 11, 2008
StrategiesCredit

Overview

Carlyle Capital is a hedge fund. It was founded in 07/2007 by the Carlyle Group, run by John Stomber, formerly of Cerberus. They hold $21.0 billion in assets under management as of March 11, 2008. Carlyle executives own 15% of the company
The Carlyle Group has extened $150 million credit line to the fund but have no further financial obligations

A highly levered fund investing in Fannie Mae and Freedie Mac securities (about $22 billion)http://www.nytimes.com/2008/03/07/business/07cnd-carlyle.html?em&ex=1205125200&en=94a98e086dea3b5b&ei=5087%0A

Lost 30% of NAV between listing in July and 12/31/2007.http://www.marketwatch.com/news/story/carlyle-capital-corp-aims-do/story.aspx?guid=%7B5A287990-2CAA-4572-A19E-6F3224795B3F%7D

On Thursday, March 6th, announced that it had missed 4 of 7 margin calls worth $37 million.
On Friday it received further calls http://www.nytimes.com/2008/03/08/business/08mogul.html?em&ex=1205125200&en=52d6edba738533a6&ei=5087%0A
By Monday they had received over $400 million of margin callshttp://www.guardian.co.uk/money/2008/mar/11/investmentfunds

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