Carlyle Capital Corporation Limited is an investment fund with a diverse portfolio of fixed income assets. The types of financial instruments in the fund's portfolio consist of high-grade mortgages and various credit products. The fund is managed by the CarlyleGroup.
Fast Facts:
- Trading suspended in March 2008
- Former stock symbol: CCC
- Established: August 29, 2006
- Completed IPO on July 2007
- HQ: St. Peter Port, Guernsey
- Managed by: Carlyle Group
- Major backers: Fannie Mae and Freddie Mac
- Defaults announced on March 7, 2008
- Former President and CEO: John C. Stomber
- Former Chairman of the Board: James H. Hance Jr.
Carlyle Capital Suspension
Dutch stock market watchdog AFM suspended trading for Carlyle Capital in March 2008 due to excessive margin calls, which the fund failed to meet and a number of default notices from its lenders. Due in part to the subprime mortgage crisis, the Carlyle Capital collapse had a ripple effect on the parent company, Carlyle Group, whose shares fell from $11.80/share to $4.80/shareForbes: Carlyle Capital shares suspended - AFM (March 7, 2008)
Carlyle Capital Blogs and Commentaries
Google Blog Search: Carlyle Capital
Portfolio.com: Carlyle Capital Brings Back the LTCM Memories (March 7, 2008)
CNNMoney.com: Daily Briefing Update: Fannie sinks to a 12-year low (March 7, 2008)
The New York Times: DealBook: Margin Menace: Carlyle Fund Comes Up Short (March 6, 2008)
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