Carlyle Group LP (Nasdaq: CG) said fourth-quarter profit declined 57 percent as asset sales slowed and its holdings didn’t appreciate as quickly as a year earlier. The firm said it will buy back as much as $200 million in its stock.

Economic net income, which includes unrealized gains, decreased to $77.5 million, or 24 cents a share, from $182 million, or 56 cents, a year earlier, Washington-based Carlyle said in a statement Wednesday. Analysts estimated earnings of 31 cents a share, according to the average of 13 estimates in a Bloomberg survey.

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