The private equity giant has walked back on the aggressive stance it took on publicly-traded stocks as recently as January. Henry McVey, the firm’s global head of global macro and asset allocation, said public markets will “appreciate in a straight line.” Meanwhile, KKR is currently negotiating a US$23-billion deal for a stake in Universal Music, along with China’s Tencent. (Bloomberg)
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The private equity giant has walked back on the aggressive stance it took on publicly-traded stocks as recently as January. Henry McVey, the firm’s global head of global macro and asset allocation, said public markets will “appreciate in a straight line.” Meanwhile, KKR is currently negotiating a US$23-billion deal for a stake in Universal Music, along with China’s Tencent. (Bloomberg)
Talking point: KKR’s statement follows Goldman Sachs’ warning that the U.S. stock rally is set to stall, amid concerns of a recession. Weak performance in capital markets has also lowered the profits of Canada’s big banks, including TD Bank, which reported a 2.4 per cent increase in earnings this morning, short of expectations.
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