Claren Road Clients Asked to Pull $1.97 Billion After Losses

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(Bloomberg) -- Investors in Claren Road Asset Management, the hedge fund that’s extended losses this year, asked to pull about 48 percent of the firm’s $4.1 billion in assets, according to a person with knowledge of the matter. Bloomberg's Devin Banerjee has more on "Bloomberg Markets." (Source: Bloomberg)

Investors in Carlyle Group LP’s Claren Road Asset Management asked to pull about 48 percent of the hedge fund’s $4.1 billion in assets after losses this year, according to a person with knowledge of the matter.

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