A general view of the lobby outside of the Carlyle Group offices in Washington, U.S. May 3, 2012. REUTERS/Jonathan Ernst/File Photo (Reuters) - The partners of Emerging Sovereign Group LLC (ESG) have agreed to buy back the majority stake in the emerging markets-focused hedge fund manager that was acquired by Carlyle Group LP in 2011, Carlyle said on Wednesday. The move comes as Carlyle has chosen to focus more on credit-oriented investment strategies, such as direct lending, distressed debt and collateralized loan obligations, while ESG has remained an equities-focused hedge fund firm. ESG was founded in 2002 by former Morgan...