Asset Management

Fund growth slows for Carlyle Group

Carlyle had $212.3bn in assets under management as of the end of the quarter, up 1.2% from the second quarter

Profit declined at private-equity firm Carlyle Group in the third quarter as the company’s expenses climbed and fund growth slowed.

Net income attributable to common unit-holders was $11.6m, down from $44.6m in the comparable quarter a year earlier. The company said earnings per share were 10 cents, down from 43 cents, The Wall Street Journal reported.

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