Shares of leading alternative asset managers Blackstone (NYSE: BX), Brookfield (NYSE: BN)(NYSE: BAM), and KKR (NYSE: KKR) have gotten hammered over the past year. A big factor weighing on their shares has been the potential impact of rising interest rates on institutional investors' appetite for the alternative investments they manage.
Yahoo Finance Live’s Julie Hyman breaks down how stocks are moving in intraday trading following earnings.
(Bloomberg) -- KKR & Co. passed $500 billion in assets under management during the fourth quarter even as earnings fell 41% on sluggish asset sales.Most Read from BloombergQuake Toll Hits 4,000 in Turkey, Syria as Overseas Aid FlowsMeta Asks Many Managers to Get Back to Making Things or LeaveTrump Charges in Georgia Over 2020 Could Lead to Bigger Fed CaseWall Street Goes Risk-On Without Powell’s Pushback: Markets WrapPowell Says Further Rate Hikes Needed and Markets Take HeedThe New York-based f