February 28, 2023 09:30 AM
Graphic: Carlyle’s new CEO has a tough road ahead
When Carlyle Group hired Goldman Sachs Group alumnus Harvey Schwartz as its new CEO in early February, it made increasing the alternatives manager's stock price a top priority as shares have trailed peers. Although his compensation incentives line up with the goal, this simple-sounding mission may prove difficult as he faces challenges such as stemming outflows and enhancing fundraising.
Stock returns vs. peers
Growth of assets under management (billions)
Quarterly net flows (billions)