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Rough ride for Carlyle in hedge fund business

Its credit-focused hedge fund, Claren Road Asset Management, has faced US$6 billion in redemption requests since last September

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Traders stand outside the New York Stock Exchange in New York.

New York

IF nothing else, the last week has proved that it can be very difficult to run a hedge fund. The Carlyle Group, the private equity giant, has known that for much longer.

Its Carlyle Capital fund became a harbinger of the financial crisis after it imploded in March 2008.

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