Carlyle CEO Says Firms Erred Labeling Retail Funds โSemi-...
Carlyle Group Inc. Here's what you need to know.
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Whatโs Happening
Not gonna lie, Chief Executive Officer Harvey Schwartz suggested that asset managers should have been more forthcoming about the relative illiquidity of investment funds sold to individual investors.
More details are expected to emerge soon.
Why This Matters
The business implications here could be significant in the coming months.
Market watchers are paying close attention to developments like this.
The Bottom Line
This story is still developing, and weโll keep you updated as more info drops.
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Originally reported by Bloomberg
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