Saturday, 25 October 2014
Last updated 1 day ago
Feb 9 2012 | 2:00pm ET
The fourth quarter wasn't kind to Kohlberg Kravis Roberts.
The private equity giant said its fourth-quarter economic net income fell 68% year-on-year to $225.5 million. Including charges excluded under that measure, the firm's profit actually fell 74% to $46.1 million.
KKR blamed sharply lower income from its p.e. funds and lower appreciation from the same. But its fee-based earnings actually rose 22.6% to $116.6 million.
"We had a very strong quarter to finish the year, and overall had a strong year," Scott Nuttall, KKR's head of global capital markets and asset management, said.
The firm managed $59 billion at the end of last year.
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…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.