Carlyle Group LP is considering buying a traditional money manager to broaden its own investment platform, as the private equity firm tries to attract more retail investors and achieve the higher stock market valuation commanded by such managers, according to sources familiar with the situation.In a sign of this interest, Carlyle recently considered buying Northwestern Mutual Life Insurance's Russell Investments fund managing unit using its own rather than investors' money, the sources said.But Washington, D.C.-based Carlyle eventually decided to pursue the business through its private equity division, where it buys and sells companies using money primarily from institutional investors, they said. The auction for Russell Investments is ongoing.In 2012, Carlyle had considered adding bond fund manager TCW Group Inc to its investment capabilities, but it also ended up buying that business through its buyout funds, the sources added.Despite those decisions, Carlyle is still in the market f...
Blackstone Group CEO Steve Schwarzman on the impact of regulation on business.
Blackstone Group CEO Steve Schwarzman on acquiring a 20% stake in Versace, and China’s economy.
Blackstone Group CEO Steve Schwarzman previews topics that he will discuss as guest host on Opening Bell with Maria Bartiromo.
FBN’s Maria Bartiromo breaks down what you need to know today.
Blackstone Group LP , the largest publicly listed alternative asset manager, said on Thursday it had nearly $20 billion of its assets in companies that have filed to...
Blackstone Group LP, the largest publicly listed alternative asset manager, said on Thursday its third-quarter earnings increased by 3 percent from a year ago as fee...
Blackstone Group LP has agreed to pay $85 million to settle an investor class action lawsuit accusing the private equity giant of not disclosing bad investments befo...
Alternative asset managers such as Blackstone Group LP and KKR & Co LP have for decades scoured the stock market for undervalued companies. Now they are trying to co...
Power Player of the Week: Stephen Schwarzman
Blackstone CEO Steve Schwarzman on why he’s pledging to hire 50,000 veterans over the next five years – and how Blackstone will transition vets to the private sector.
FBN’s Jeff Flock reports from Penny Mustard in Muskego, Wisconsin, which is benefiting from the recovering housing market.
Blackstone Group Inc. founder Stephen Schwarzman will personally donate $100 million to a scholarship fund at China's Tsinghua University as part of the largest inte...
Merrill Lynch portfolio solutions CIO Mary Ann Bartels on the sectors that will be impacted by baby boomers’ retirement.
IPOFinancial.com president David Menlow discusses the IPO market.
Harvard economics professor Kenneth Rogoff on China’s economy and his outlook for Europe.
Blackstone Group CEO Steve Schwarzman weighs in on the investing environment and Europe’s economy.
Blackstone Group CEO Steve Schwarzman says the company is constantly looking for products that will help expand growth.
Blackstone Group CEO Steve Schwarzman on the company’s Scholars Program.
Blackstone Group CEO Steve Schwarzman weighs in on company earnings and growth.