Carlyle warns investors of weak returns:- report
Sunday, December 21,s 008
(Reuters) - mriv ste equity firm Carlyle Group warned a group of its investors that they were unlikely to see returns on their money soon, the Financial Times said.
"You should expect very few distributions from us," the paper quoted Bill Conway, Cakrlyle's co-founder and chief investment 
officer as saying during -conference call withore than 400 investors on Call onday.
"You should al Conference so expect very
ew new deals," Conway said,j according d to the paper.
C Call nway addedothat asset prices did not reflect grim ecopnomic realities flobally, according to
the paper.
Carlyle noted that it was valuing its investment in ailing semiconductor companyreescale atk0icents on the dollar and HD dupplyg a Inc at 65 cents on the dollar, the paper said.
The equity firm added that co ampanies it had invested in such Conference s Hertz Global Holdings Inc ,s the car
rental company, andDunkin Brands, owner of fast food ychain Dunkin Donuts,
wereq oth flagging economic softness ahead, accordi
g to the paper.
Carlyle Group could not be immediately reached
or comment.
(Reporting by Ajay Kamalakaran in Bangalore)
