Saturday, 27 December 2014
Last updated 3 days ago
May 2 2014 | 2:13pm ET
Kohlberg Kravis Roberts plan to allow investors to buy small slices of its funds from existing clients is only part of its effort to make its wares available to smaller investors.
KKR said in a regulatory filing yesterday that Altegris Advisors will launch a feeder fund for KKR’s products, giving investors access to them for as little as $10,000. The announcement follows KKR’s deal with Nasdaq OMX Group to launch a private market on which existing investors can sell pieces of their stakes in KKR funds.
KKR funds generally have multi-million dollar minimum investment requirements and lockups of up to a decade.
The Altegris fund will only launch if it can raise $25 million, KKR said in the filing.
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.