Monday, September 15, 2008

Carlyle Group: "It's Going To Get Worse"

Pay attention here. These are the insiders who have the money to scoop up distressed assets when the time is right. FT reports:

The group believes the current economic slowdown is still in its early days, even if the financial system recovers quite quickly. "It creates a lot of opportunity for us," says Mr Raymond Whiteman, co-head of Carlyle Strategic Partners fund. "When corporate slowdown collides with corporate profit pressure it creates defaults, corporate bankruptcies and restructuring."

"We are deep value investors, we are patient and we think it is going to get worse before it gets better," says Mr Whiteman. "We are well positioned to make great investments."

-Robert Wenzel

No comments:

Post a Comment