Tuesday, March 9, 2010

"Is Carlyle About to Join Goldman Sachs as a Trading Firm?" (GS)

Can't wait to see Messieurs Rubenstein and Conway on the floor.
From Economic Policy Journal:
They are moving in that direction.
Carlyle Group founder David Rubenstein must have been green with envy as Goldman Sachs in recent quarters reported huge Federal Reserve aided trading profits.

What cued us in on this?

Carlyle just announced that Mitch Petrick, Morgan Stanley’s former sales and trading chief, will join Carlyle Group to head the company’s distressed debt and leveraged finance business.

Carlyle, the world’s second-biggest private-equity firm, is seeking to profit outside the traditional leveraged buyout business after a two-year dealmaking slump, reports Business Week.