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ValueAct says owns under 5 pct of KKR & Co.
April 27, 2017 / 1:59 PM / 5 months ago

ValueAct says owns under 5 pct of KKR & Co.

NEW YORK, April 27 (Reuters) - ValueAct Capital, the $16 billion activist shareholder, said it has invested in asset management company KKR & Co., and owns less than 5 percent.

KKR generates strong management fees and does an excellent job of seeding new products and businesses, ValueAct President Mason Morfit said on Thursday at the Active-Passive Investor Summit here.

ValueAct’s stake in KKR was not previously disclosed by the San Francisco based firm.

Reporting by Michael Flaherty and Svea Herbst-Bayliss; Editing by Chizu Nomiyama

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