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Private Equity Giant David Rubenstein - The Market Needs Clarity About the Fed's Intentions

July 01, 2013 | About:
Canadian Value

Canadian Value

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How big has private equity firm Carlyle Group become? Check out the footer from a recent Carlyle Group press release that describes the company.

The Carlyle Group is a global alternative asset manager with $176 billion of assets under management across 114 funds and 76 fund of funds vehicles as of March 31, 2013. Carlyle's purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments - Corporate Private Equity, Real Assets, Global Market Strategies and Solutions - in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,400 people in 34 offices across six continents.

These guys have their fingers in everything:

In the interview below Carlyle Group co-founder David Rubenstein indicates he thinks that the sell-off in stocks and bonds that followed Federal Reserve Chairman Ben Bernanke's latest comments were an overreaction.

What the sell-off did show though according to Rubenstein, is that the central bank should provide greater details of its plans to end bond purchases.

About the author:

Canadian Value
http://valueinvestorcanada.blogspot.com/

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