Laurence Tosi and Adena Friedman

Adena Friedman: I still think that the value of carry is undervalued in the market, Adena Friedman, Carlyle Group LPs departing chief financial officer, said today at the inaugural CFO Conference in New York, referring to carried interest, or the share of investment profits collected by buyout firms, according to Bloomberg. The story hasnt been fully told and theres a long way to go, Tosi said and The discount in value of private-equity firms will improve as public investors gain more understanding of their earnings, the finance chiefs of the worlds two biggest buyout groups said. Friedmans comments were echoed by Blackstone Group LP BX CFO Laurence Tosi, who also spoke at the conference, which was sponsored by Link , a division of LP. Tosi said the valuation discount of the largest alternative-asset managers to traditional stock and bond fund companies is just not sustainable and will improve over time. (news.financializer.com). As reported in the news.