KKR ducks away from the retail market
Breakfast with Benjamin: Private equity giant KKR finds expanding beyond the HNW crowd is not so easy and shuts two retail-focused funds. Plus: Gold jumps on Yellen preview, fund manager changes lead to Morningstar updates, Barclays cuts 12,000 jobs, and another day, another Obamacare delay.
- Private equity giant KKR shutters two funds aimed at retail investors, highlighting the challenging of expanding beyond high-dollar investors. Retail market realities
- Gold hit a three-month high leading up to Fed Chairman Janet Yellen’s first testimony. Seems investors are betting her comments won’t rock the boat too much. Hoping rates stay near zilch
- Mutual fund manager changes trigger some updated analyst ratings from Morningstar. The People pillar
- Barclays plans to chop 12,000 jobs following a disappointing earnings report, including senior ranks at the U.K.’s second-largest bank. Before-tax earnings dropped 86%
- Another Obamacare delay. This latest tweak marks the 12th such change to the new law since enrollment began in October. Scaling down the employer mandate
Learn more about reprints and licensing for this article.
