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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

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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