Vermillion Asset Management, and a $25 million expense the firm incurred when selling its ownership stake in another hedge fund business, Claren Road Asset Management. Carlyle also said the $100 million it reserved for litigation in the third quarter was.
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This continues a trend of losses for the fund. Another Carlyle Group hedge fund effort, Vermillion Asset Management, has seen declining assets under management as well. Carlyle purchased an ownership stake in the fund in 2012, and the flagship fund at.
suggesting investor redemptions at the fund after some negative returns. New York-based Vermillion Asset Management was managing about $2 billion in March 2013 but that fell to around $900 million by December, Carlyle said in regulatory filings to the U.S.
Carlyle Group LP, the second-largest buyout firm, bought commodities hedge-fund manager Vermillion Asset Management LLC, adding $2.2 billion (Dh8.09 billion) in commodities assets as the firm expands beyond private equity. Carlyle purchased 55 percent of.
The private equity firm said on Wednesday that it had taken a 55 percent stake in Vermillion Asset Management, a commodities hedge fund with about $2.2 billion in assets. Carlyle, which paid a mix of stock and cash, will make Vermillion its main.
The founders of Carlyle’s Vermillion Asset Management hedge fund unit have left the firm amid steep losses and investor redemptions in its flagship commodities fund. Chris Nygaard and Drew Gilbert, who founded Vermillion in 2005 and sold 55% of it to.
The Carlyle Group LP has acquired a majority stake in commodities trader Vermillion Asset Management in a deal financed in part ... firm’s other non-buyout businesses, including hedge funds and credit funds, in its global market strategies unit.
July 31 (Reuters) - The founders of Vermillion Asset Management have left the firm after an exodus of investor cash left just $50 million in assets at its flagship fund, a person familiar with the matter said, in the latest upheaval at a big commodities.