The alternative investments manager earned $245m and outpaced broader public markets

Carlyle Group reported lower second-quarter earnings on 28 July as the value of its investments appreciated less than a year ago.

The Washington-based alternative investments manager said it earned $245.4m, or 67 cents a share, in the three months ended 30 June. That is down from $925m, or $2.55 a share, in the same period last year.

Carlyle profits dip as market falls weigh on private fund managers

Chris Cumming

Carlyle

Investing

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