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KKR Mulls Global HF Move
U.S. buyout firm Kohlberg Kravis Roberts & Co. is looking to give a big global push to its hedge fund operations with the team of nine proprietary traders it picked from Goldman Sachs Group last year.
U.S. buyout firmKohlberg Kravis Roberts & Co.is looking to give a big global push to its hedge fund operations with the team of nine proprietary traders it picked fromGoldman Sachs Grouplast year,Financial Newsreports. TheBob Howard-led team joined this year and has already rolled out a long-short hedge fund. Howard was head of principal strategies for the Americas at Goldman.
KKR’s expansion of its asset management unit emphasizes the trend of private equity firms diversifying and stabilizing their revenues and allowing investors to invest capital into different portions of the business. KKR’s public markets unit, which is in charge of taking equity and debt positions in listed stocks, had $14.9 billion in assets under management at the end of June.
Click here for the story fromFinancial News.