BRIEF-SRG Housing Finance approves credit facilities of 100 mln rupees by Andhra Bank
* Says approved sanction of credit facilities of 100 million rupees by Andhra Bank, Udaipur Source text: http://bit.ly/2niDF1j Further company coverage:
Feb 6 KKR & Co LP said on Monday it would merge its hedge fund KKR Prisma with institutional investment firm PAAMCO to form an investment company with more than $30 billion in assets.
KKR said it would hold a 39.9 percent stake in the merged entity, with the remaining stake held by the employees of KKR Prisma and Pacific Alternative Asset Management Co, or PAAMCO.
The combined business will be jointly run by PAAMCO Chief Executive Jane Buchan and KKR Prisma co-founder Girish Reddy, KKR said. Reddy is also the head of KKR hedge funds.
PAAMCO manages over $10 billion in discretionary assets and advises on an additional $14 billion in assets. (Reporting by John Benny in Bengaluru; Editing by Savio D'Souza)
ISTANBUL, March 29 Net profit at Turkish banks rose 85 percent in January-February from the same period a year earlier, data from Turkey's BDDK banking regulator showed on Wednesday.
* Says 2016 net profit up 9.2 percent y/y at 926.5 million yuan ($134.51 million)