mortgage backed securities: Carlyle and Thornburg further in the weeds than we though...
- 03/13/08 03:14 PM
Life for Carlyle Capital has gotten even worse than we reported last week and by Thursday morning it appeared that the hedge fund would not survive. Another loser from last week, Thornburg Mortgage had a bit of a respite earlier this week but got clobbered by new news Thursday morning. The Carlyle Capital Corporation, a subsidiary of the Carlyle Group a very well connected private equity management company, said late Wednesday that it expected that its assets would be seized by its creditors and liquidated; an event likely to also cause the liquidation of the fund. Carlyle Capital had used its $670 … (0 comments)
Life for Carlyle Capital has gotten even worse than we reported last week and by Thursday morning it appeared that the hedge fund would not survive. Another loser from last week, Thornburg Mortgage had a bit of a respite earlier this week but got clobbered by new news Thursday morning. ;)
;)
