| Topic Name: |
Sacked from Carlyle in 2 weeks |
| Message Name: |
i think they are |
| Date Posted: |
05/24/2001 |
| In Reply To: |
LBO firms are not really buyside firms. Yes, they're not broker/dealers, ie sellside firms. They are, however, much closer to the sellside than to traditional investment management firms. You'll notice on that Carlyle boasts of how many transactions they did (213). Such a figure is simply incomprehensible applied to a mutual fund, for instance. Investing in private securities is a whole different ball of wax than investing in public securities. Why group two different things under one name?
As to Carlyle Asset Management, it was formed on April 17th. I don't know if they have any money under management in that unit yet (not that Carlyle will find it difficult to gather assets). So, until, last month, Carlyle was not an investment manager. I doubt that Chung was even aware of this unit's starting up.
alex |
| Message: |
or at least, i work in private equity firm and we term ourselves on the buyside...
|
|
