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U.S. Morning Call: Carlyle preparing U.S. real estate fund

Wednesday, June 12, 2013 - 03:33

Jun 12 - Carlyle Group is preparing to launch a U.S. real estate fund & hopes to raise as much as $4 billion, says the Wall Street Journal.

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Equity giant Carlisle is set to make one of we largest bets on real estate since the financial crisis that's at the top of today's morning call. Four billion dollars that's how -- Carlyle hopes to raise for the -- sources are telling Wall Street Journal. This Carlyle seven such investments since 1997. As tenure bond yields linger around 2.2 percent car is hoping to put some money from its recent sales to work. Last month agreed to sell its Madison avenue building for one point three billion dollars. That's about 500 million dollars more than it spent buying and fixing up properties. Blackstone is still a sectors lead dog you raise thirteen point three billion dollars for the biggest ever real estate fund late last year. Let's look at what Carlisle shares dropped to make close to about 26 dollars yesterday -- on a downward slope -- over the last few weeks. The deeper as 176. Billion in assets under management. Real estate right now makes up only about thirteen billion of the total portfolio. Can't -- maker of her few rooms like Calvin Klein it's priced -- IPO today. Big deal could raise up to one point two -- and it shares sell around 6018 dollar range. Some analysts say this is symbolic move because Cody insiders are gonna hold. Over in 97%. Of the voting rights despite selling all the shares in the IPO. And -- is making news as well it's by a radio station in South Dakota. That's to save money on royalties and the dogs copyright holders. And our shares up 3% this week jumping after that lackluster reception. Apple's iTunes radio. Amazon and I'd be and don't compete very often but -- 600 million dollar government contract is a way of starting rivalry. It's two very different tech monsters are battling it out for a deal this. Cloud computing system for the CIA. Is according to the Wall Street Journal. The agency had initially awarded the contract Amazon but -- the Government Accountability Office are making a bid to reopen negotiations. In the wake of the NSA snooping scandal that's -- could not get any better. Cloud computing is one of the ways the NSA has been able to collect data and for clues on any possible terrorist activity. Ever thought is beleaguered cloud computing Morgan Stanley recently estimated that web services generated two billion dollars in 2012 sales. And could -- -- 24 billion. In ten years are right let's take -- stocks dropped early this morning Dow S&P and NASDAQ futures all pointing to a higher open today. Bonds Pimco total return fund cut its holdings of US treasuries in May by 2%. To 37%. But which is of course run by Bill Gross has roughly 285. Billion in assets it's down 1%. So far this year. That fit -- Wednesday morning call remembered probably -- -- writers either. More great videos that -- dot com slash news. I've got up.

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U.S. Morning Call: Carlyle preparing U.S. real estate fund

Wednesday, June 12, 2013 - 03:33