Friday, 24 October 2014
Last updated 14 hours ago
Mar 21 2011 | 6:56am ET
Just as it begins to drum up interest from new investors, Kohlberg Kravis Roberts is losing its head of investor relations.
Jonathan Levin, who has served in that role and as the private equity giant's treasurer for less than two years, will join hedge fund Grosvenor Capital Management in his native Chicago. At Grosvenor, Levin will be head of business development, strategy and new products, Bloomberg News reports.
New York-based KKR may now split the two jobs currently held by the 29-year-old Levin, possibly promoting two people from within. Citigroup said in a research note that Scott Nuttal, global head of capital and asset management, CFO William Janetschek and Levin deputy Pam Testani are likely to fill in for the time being.
Levin has been with KKR since 2004, when he joined the firm from Bear Stearns. He became treasurer and head of investor relations in September 2009, nine months before KKR listed itself on the New York Stock Exchange.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...