Another day, another hedge fund bailout

This is getting to be old news: another hedge fund announcing a big bailout. The latest is Carlyle Capital, a unit of the Carlyle Group, which went public on Euronext Amsterdam in July. It made heavily leveraged bets on asset-backed securities, which have tumbled as of late. It has announced that its parent has extended a $100 million one-year credit. It has already drawn down $10 million--apparently, to meet margin calls. So who's next? Well, it's nice to have a Carlyle Group or a KKR as a parent. But not all funds do, and they're more likely to face the same fate as Solent Capital Partners. You expect a few more dominoes to fall. It's becoming a bit of a parlor game trying to figure out the next to fall. On the upside, the Carlyle Group aims to expand its private equity activity in Eastern Europe, and the Harvard Endowment, always closely watched, seems to have weathered the storm.

For more:
- here's the AP article