The Carlyle Group (CG) Posts Q4 EPS of $0.00

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The Carlyle Group Announces Fourth Quarter and Full Year 2016 Financial Results

February 8, 2017 6:30 AM EST

WASHINGTON, Feb. 08, 2017 (GLOBE NEWSWIRE) -- Global alternative asset manager The Carlyle Group L.P. (NASDAQ: CG) today reported its unaudited results for the fourth quarter and full year ended December 31, 2016.

Carlyle Co-CEO David M. Rubenstein said, Our core business performed well in 2016, but obviously we are disappointed with the losses in our hedge fund business. We are focused on raising $100 billion in new capital over several years, scaling our global credit business, and performing well for our fund and unitholder investors.

Carlyle Co-CEO William E. Conway, Jr.... More