Alternative asset manager Carlyle reported first-quarter earnings below analyst expectations, as lower realised performance income offset continued fundraising momentum and asset monetisations, according to a report by Reuters.
Distributable earnings — a key measure of cash profits available for shareholder distributions — totalled $327m, or 89 cents per share, missing consensus forecasts of 94 cents per share.
The weaker result was driven in part by a sharp decline in realised net performance r...
Continue Reading
Sign up for FREE to read the full article and access 131K+ alternative investment headlines.