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Carlyle Group reported an unexpected decline in revenue for the first quarter amid lower fee-related performance revenue.
The investment firm on Thursday reported net income attributable to shareholders of $100.7 million, or 28 cents a share, compared with $571.6 million, or $1.57 a share, for the same period a year earlier. Distributable earnings, or profit that can be returned to shareholders, fell 10% to $272 million from a year ago.
Carlyle…
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