US - Carlyle Group, the world's second- largest private-equity firm, agreed to buy a 55 percent stake in Claren Road Asset Management, a $4.5bn long-short hedge fund focused on liquid credit assets.
Citigroup, which invested in Claren Road in 2006, and Goldman Sachs Group's Petershill Fund, which bought a minority stake in 2008, will sell their holdings, according to an e-mailed statement by W...
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