Home / KKR has another ‘swing at the plate’

KKR has another ‘swing at the plate’

The world’s biggest and most famous, or infamous, private equity firm has revisited its opinions on the macro environment just two months after already delivering its original views, in January. The verdict is: it’s OK. Thanks for the insight.

The KKR white paper published recently by Henry McVey, the firm’s head of global macro and asset allocation,  says that there are four things which have occurred since January, which prompted their most investor interest and/or consternation. Here is what they think are worth commenting on:

. China’s desire to ‘internalise’ its economy as a long-standing goal that accelerated after the global financial crisis; not just because of the election of Donald. J. Trump to the American presidency

  • . Despite all the headline news in Europe, KKR (and presumably other quality private markets managers) continues to uncover multiple ways for private investors to drive both absolute and relative performance.

    . “Our work shows that we are at an inflection point in the US fixed-income markets – one that argues for shorter duration and more up-front yield against cash-flowing collateral, and

    . “We are advocating a more nimble approach to both public and private markets in 2019. Actively managed opportunistic liquid credit is certainly central to this call to arms, but our framework also extends clearly in the private markets as well.”

    – G.B.

    Investor Strategy News




    Print Article

    Related
    How investors can weather a  ‘crisis of global integration’

    Investors should keep a close eye on the new Cold War brewing between China and the US, but its outcome could still support “robust” trade and investment as strategic competition drives capital investment.

    Lachlan Maddock | 17th Jan 2025 | More
    AustralianSuper makes European industrial property play

    The $300 billion profit-to-member fund has linked up with Oxford Properties for a portfolio of high-quality European industrial and logistics assets that it wants to expand significantly over the next three to five years.

    Staff Writer | 15th Jan 2025 | More
    Why big super funds might become more like banks

    Australia’s megafunds are looking to international asset owners for ideas on how to invest what will soon be trillions in retirement savings. But banks – with their sharp focus on efficient implementation and balance sheet management – could also be a source of inspiration.

    Lachlan Maddock | 15th Jan 2025 | More
    Popular