Carlyle Group LP said on Thursday fourth-quarter earnings were down 28 percent as the alternative asset manager failed to match the previous year's sales of assets and relied more on company dividends to return money to investors.Carlyle's private equity arm, which accounted for about a third of its assets but about two-thirds of its profits, was mostly responsible for the earnings drop, bucking a trend among peers Blackstone Group LP, KKR & Co LP and Apollo Global Management LLC.This is partly because Carlyle took advantage of stronger capital markets to carry out more refinancings of portfolio companies and pay dividends, which resulted in money returned to fund investors but did not generate so-called carried interest -- a cut of the profits for Carlyle.Carlyle said economic net income (ENI), a measure of profitability that takes into account market valuation of its assets, came in at $182 million, down from $254 million a year earlier.
Apollo Global Management, LLC (Apollo) is a global alternative asset manager. Shares of APO remained unchanged at $22.28. In the past year, the shares have traded as low as $10.42 and as high as $23.95. On average, 489346 shares of APO exchange hands on a given day and today's volume is recorded at 0.
The Blackstone Group L.P. (Blackstone) is a United States-based company that is a manager of private capital and provider of financial advisory services. Shares of BX remained unchanged at $18.73. In the past year, the shares have traded as low as $11.13 and as high as $19.69. On average, 4500560 shares of BX exchange hands on a given day and today's volume is recorded at 0.
Shares of CG remained unchanged at $36.67. In the past year, the shares have traded as low as $20.00 and as high as $37.89. On average, 105426 shares of CG exchange hands on a given day and today's volume is recorded at 0.
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