Carlyle Group LP said on Tuesday it had bought a majority stake in a commodities-trading hedge fund manager, its biggest leap yet in an expansion that has seen it diversify from private equity into other alternative asset classes.Carlyle, which has $156 billion of assets under management, said it bought a 55 percent stake in Vermillion Asset Management LLC, a New York-based commodities investment manager with approximately $2.2 billion of assets under management.Like its publicly listed peers, such as Blackstone Group LP and KKR & Co LP, Carlyle has gone beyond buying and selling companies to managing other alternative assets including real estate, hedge funds, credit and infrastructure.But Carlyle is the only major alternative asset manager to now offer commodities as an investment offering. Earlier this year, Fortress Investment Group LLC terminated its commodities fund after poor performance and heavy withdrawals.
The Blackstone Group L.P. (Blackstone) is a manager of private capital and provider of financial advisory services. Shares of BX remained unchanged at $14.03. In the past year, the shares have traded as low as $11.13 and as high as $17.25. On average, 2556360 shares of BX exchange hands on a given day and today's volume is recorded at 0.
The Carlyle Group L.P. is a global alternative asset management firm. Shares of CG remained unchanged at $25.64. In the past year, the shares have traded as low as $20.00 and as high as $27.90. On average, 131098 shares of CG exchange hands on a given day and today's volume is recorded at 0.
Fortress Investment Group LLC (Fortress) is a global investment management firm. Shares of FIG remained unchanged at $4.45. In the past year, the shares have traded as low as $2.77 and as high as $4.58. On average, 775277 shares of FIG exchange hands on a given day and today's volume is recorded at 0.
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