Alternative asset manager, KKR & Co. Inc. (NYSE:KKR) also outperformed in the period, trading +8.13% higher, as the company’s financial results continue to highlight strong underlying fundamentals. KKR has also simplified its public reporting with a focus on distributable earnings as its primary metric. In our view, simplified reporting along with the company’s conversion to a corporation from a partnership has broadened investor appeal, while attracting more long-term oriented shareholders.
From John Rogers (Trades, Portfolio)' second-quarter 2019 Ariel Fund commentary.
