KKR swings into loss in 2008
Bloomberg
The firm had a $1.2 billion loss for 2008, compared with pretax economic net income of $815 million the previous year, KKR said in a presentation to investors late Sunday. The loss is the firm’s first in at least five years. KKR’s assets under management shrank by 11 percent to $47.3 billion at the end of March.
