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KKR Releases 2021 Mid-Year Macro Outlook Report cadillacnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cadillacnews.com Daily Mail and Mail on Sunday newspapers.
Few asset managers have enjoyed more success in the riskier corners of credit than KKR & Co. But after a decade-long attempt to wring big returns from India, the Wall Street titan has become a cautionary tale for investors in one of the world’s most tantalising emerging markets. Rocked by the shadow-banking crisis that began rippling through India’s financial system 2 1/2 years ago, KKR’s local credit unit lost Rs 1,516 crore ($207 million) in the final nine months of 2019, wiping out nearly 40 per cent of its capital. While the unit posted a small profit last year as India’s central bank pumped record amounts of cash into the Covid-battered economy, KKR is now in the process of merging the business with a competitor. ....
How financial giant KKRâs big bet on lending in India went from boom to bust It has been a steep fall from grace for US financial giant KKR which extended about $800 mn of loans at its peak and was set to launch an India IPO. A+ Mumbai: Few asset managers have enjoyed more success in the riskier corners of credit than KKR & Co. But after a decade-long attempt to wring big returns from India, the Wall Street titan has become a cautionary tale for investors in one of the worldâs most tantalizing emerging markets. Rocked by the shadow-banking crisis that began rippling through Indiaâs financial system 2 1/2 years ago, KKRâs local credit unit lost 15.16 billion rupees ($207 million) in the final nine months of 2019, wiping out nearly 40% of its capital. While the unit posted a small profit last year as Indiaâs central bank pumped record amounts of cash into the Covid-battered economy, KKR is now in the process of merging the business ....
Synopsis Rocked by the shadow-banking crisis that began rippling through India’s financial system 2 1/2 years ago, KKR’s local credit unit lost 15.16 billion rupees ($207 million) in the final nine months of 2019, wiping out nearly 40 per cent of its capital. Agencies When viewed in the context of KKR’s global business the firm oversees $234 billion worldwide, including about $75 billion in credit investments the losses suffered by the India unit are modest. Few asset managers have enjoyed more success in the riskier corners of credit than KKR & Co. But after a decade-long attempt to wring big returns from India, the Wall Street titan has become a cautionary tale for investors in one of the world’s most tantalizing emerging markets. ....
Steep Fall From Grace For KKR s Big Bet On India Credit After a decade-long attempt to wring big returns from India, the Wall Street titan has become a cautionary tale for investors in one of the worlds most tantalizing emerging markets Updated: January 28, 2021 6:25 pm IST Few asset managers have enjoyed more success in the riskier corners of credit than KKR & Co. But after a decade-long attempt to wring big returns from India, the Wall Street titan has become a cautionary tale for investors in one of the world s most tantalizing emerging markets. Rocked by the shadow-banking crisis that began rippling through India s financial system 2 1/2 years ago, KKR s local credit unit lost 15.16 billion rupees ($207 million) in the final nine months of 2019, wiping out nearly 40 per cent of its capital. While the unit posted a small profit last year as India s central bank pumped record amounts of cash into the Covid-battered economy, KKR is now in the process of mergi ....