Any more Carlyle?

Looks like they reckon they are more to come. I am not surprised at all.

From a Washington Post article. Anatomy of a Carlyle Collapse

• Many investors think Carlyle Capital is only the tip of the iceberg. Drake Management's three hedge funds, with nearly $5 billion under management, recently suspended investor redemptions as it considers liquidating its assets. Nuveen Investments, purchased last year by Chicago private-equity firm Madison Dearborn Partners, faces lower profits and slower growth because of higher borrowing costs brought on by the credit crunch.
  
  Peloton Partners, a hedge fund based in London, was forced to liquidate its funds recently, and Thornburg Mortgage, a big U.S. lender, failed to meet margin calls by lenders last week. Citigroup is committing $1 billion to shore up its hedge funds.

Less we forget the genius money making strategy stated in this article.

• The company's business was to borrow money to buy mortgage-backed securities, and to make money on the difference between the firm's borrowing costs and what it earned on the interest paid on the bonds.