Saturday, 20 December 2014
Last updated 21 hours ago
Nov 4 2011 | 10:24am ET
The third quarter was not been kind to publicly-listed private equity firms, and Kohlberg Kravis Roberts is no exception.
New York-based KKR suffered a $592.1 million pretax economic net income loss, it said today, following similar loss announcements by Fortress Investment Group, Apollo Global Management and the Blackstone Group. The firm had earned $317.3 million in the year-earlier period.
KKR said its investment income was a negative $688.5 million on the quarter, reflecting the write-down of its private equity assets by 8.5%. Fee earnings actually rose by more than 40% to $98.2 million, but were overwhelmed by KKR's market losses.
KKR's assets under management dipped 5.2% on the quarter to $58.7 billion.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.