The Carlyle Group and financial mismanagement cases
The Carlyle Group was sued by their former portfolio manager for one of its hedge funds, who accused the firm of “knowingly and intentionally fraudulent” behavior. Nikhil Dhir, an ex-oil specialist for Carlyle’s Vermillion Asset Management, who was fired by TCG, filed the case Tuesday, Feb 9th 2016. Dhir complained internally that the fund was misleading limited partners about an investment’s size, risk, and liquidity to avoid losing fees, the suit alleged, leading to his wrongful firing. Check an Aritcl by Chief Investment Officer dated February 11, 2016. 2. Carlyle faces $1bn lawsuit over failed Guernsey arm. Check an Article by The Guardian by Andrew Clark in New York, Wed 7 Jul 2010 20.03 BST This is not a trusted company to partner with all these issues in the back of our minds.
By Atite