Carlyle buys into second hedge fund

The private equity firm continues to diversify its holdings, buying into a hedge fund group six months after its first foray acquisition in the space.

The Carlyle Group has agreed to purchase a 55 percent stake in emerging markets equities firm Emerging Sovereign Group, which was formed in 2002 with the backing of high-profile hedge fund manager Julian Robertson.

It marks the second hedge fund purchase by Carlyle in the past six months; the firm took a majority stake in $4.5

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