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’The Fed’s hedge asset laundry
As financial markets of all flavours convulsed on Thursday, a scary suggestion was doing the rounds – namely that the Fed’s emergency action this week could have the (presumably) unintended consequence of encouraging wholesale liquidations across the hedge fund industry.
CCC to D
Carlyle Capital Corporation Unable To Reach Agreement With Lenders; Lenders Likely to Take Possession of Remaining Assets.
New York, NY – Carlyle Capital Corporation Limited (Euronext Amsterdam ticker symbol:
Carlyle Capital lenders poised to liquidate $16bn
Details of Carlyle’s situation were released by the fund on Monday morning. CCC is facing/faced margin calls of $400m from its lenders, who have already liquidated $5bn of Carlyle assets held under repo agreements.
Carlyle Capital shares suspended as lenders move to liquidate
The dominos continue to fall. Carlyle Capital Corp, unsurprisingly, has received “substantial additional margin calls and additional default notices from its lenders.”
Which is what happens when you confess to problems paying your bills,
CDS report: Hedge fund failures spook the market
The cost of protecting European corporate debt against default rose on Wednesday after the third hedge fund failure in the space of a week.
Carlyle Capital, a publicly-traded mortgage bond fund, said it received a notice of default after failing to meet margin calls from banks,
Banks call time as Carlyle Capital fails margin calls
It’s been a short and unhappy life so far for Carlyle Capital. After listing last July the mortgage-backed securities fund, a so-called permanent capital vehicle for private equity group Carlyle, almost immediately hit trouble.
CMBS troubles will cost private equity
More news of pain for private equity deals in the FT on Thursday, this time for Carlyle Capital, and its $6.3bn takeover of Manor Care, the US Nursing Home operator.
Carlyle is having trouble shifting
Where next for Carlyle Capital?
Carlyle Capital lost 24 per cent of its asset value in August, according to Bloomberg, which has obtained a copy of the company’s monthly financial statement.
Capital’s net assets dropped to $642.1m from $843.5m over a month,