KKR Profit Drops

Apr 25 2013 | 11:03am ET

Kohlberg Kravis Roberts' first-quarter earnings took a hit as its funds trailed the broader markets.

The New York-based private equity giant said that economic net income fell 10.9% in the first quarter to $647.7 million. KKR's private-equity portfolio gained 5.9% on the quarter—better than most hedge funds, but a far cry from the more than 10% the Standard & Poor's 500 Index advanced by during the year's first three months.


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Publisher's Note

    Hedge Funds Care Gala Raises $2 Million For Charity

    Mar 10 2014 | 11:33am ET

    A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…