Seeking Alpha

KKR terminates first stock hedge fund

  • KKR (KKR) has terminated KKR Equities Strategies - its first stock hedge fund launched less than three years ago. The fund was made up of a dozen former Goldman Sachs (GS) traders, and was started by KKR to diversify its business.
  • The termination was decided due to "lack of scale" and focus on other hedge fund products.
  • Since its start in 2011, the fund reported an average annualized return of about 5%.
  • At of the start of May, KKR Equities Strategies had about $510M under management. A third of the clients were from KKR, and there were less than 20 external investors.
Comments (1)
  • Urbannek
    , contributor
    Comments (560) | Send Message
     
    Gee according to Fidelity my accounts have done a little over 8 percent since 2011. Maybe I should start a Hedge Fund since I have better numbers than these guys.
    2 Jun, 03:40 AM Reply Like
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