Alternative asset manager, KKR & Co. Inc. (KKR, Financial) also aided relative returns. KKR possess the size and organizational structure to benefit not only from the continued high level of institutional interest in alternative assets, but also from attractive corporate valuations in certain industries and geographies in the midst of historically low interest rates. KKR retains an extensive track record of strong performance across all types of economic and financial conditions and, in our view, should continue generating alpha for its clients post the COVID-19 crisis. Additionally, the company has a record of uncalled commitments and stands ready to take advantage of attractive valuations as it shops for future years of returns.
From John Rogers (Trades, Portfolio)' Ariel Fund first-quarter 2020 shareholder letter.
