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Europe Still Attractive for Carlyle Group

Europe is still a very attractive market despite the current political and economic risks, David Rubenstein, co-founder & managing director of the Carlyle Group, told CNBC on Wednesday.

“Europe is the biggest economy in the world,” Rubenstein told CNBC on Wednesday. “As I’ve said before, it’s the largest emerging market and prices have been beaten down- you can buy things at distressed prices now so I think it’s a very attractive market in which to invest,” he added.

Rubenstein’s private equity firm Carlyle Group reported a 28 percent drop in profits last week with net income falling to $182 million in the fourth quarter, down from $254 million in the same period a year earlier. The decline was attributed to lower performance fees and a surge in compensation costs.

Rubenstein remained bullish, however, particularly on Europe.

“We’re pretty bullish on the prospects going forward,” he said. “We are interested in buying assets from distressed sellers…banks are in reasonably good shape and can afford to sell some [distressed] assets… at the price that the market will give them,” he said.

via CNBC [1]

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Alfonso Esparza

Alfonso Esparza [6]

Senior Currency Analyst at Market Pulse [7]
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza
Alfonso Esparza

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