Hints and tips:
...Many, including Brevan Howard, Astenbeck Capital and Armajaro, even shut commodities funds last decade against a backdrop of wild price swings and lengthy periods of falling prices....
...David Rubenstein, Carlyle’s co-chief executive, said that investors would not be “unduly surprised or upset” if future returns declined from historic levels....
...The total new money over the past two years is just $2bn shy of the total assets managed by Ken Griffin’s Citadel, or just $3bn more than Brevan Howard....
...Howard Marks, founder of Oaktree Capital Management, whose own regular investment letters have a wide following, is also watching closely....
...“ENI is a non-cash metric,” says Howard Chen, the analyst covering these groups for Credit Suisse. “I don’t love it. It depends on where the public market is and adds volatility over time.”...
...CCC investors included Carlyle’s three founders, David Rubenstein, Dan D’Aniello and Bill Conway, who contributed $75m between them. In total, Carlyle principals contributed about $200m to the fund....
...“He will be in a very strong position to pay off his debt,” said Howard Rubenstein, a spokesman for Mr Macklowe....
...Shelley Rubenstein, a psychologist, shared a platform with Mr Blair last night in Oldham. She flirted shamelessly with the prime minister....
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