KKR Expecting First Annual Loss In 18 Years, But That's A Good Thing
George Roberts, the "R" in KKR, said his firm expects a loss in its portfolio this year, the firm's first since 1990, Reuters reports. Not surprising after Blackstone's worse-than-expected quarterly earnings report last week. But that's a good thing, he said. Roberts predicted that even with the current economic and financial market woes, private equity would outperform conventional investments over the long term. And he told a ballroom of private equity executives that they were lucky to be
13 November 2008•2 mins read
