KKR & Co. (NYSE:KKR) leadership used the company’s first-quarter earnings call to emphasize confidence in its long-term strategy despite recent market volatility.
Co-CEO Scott Nuttall pointed to recent share price swings as a strategic opportunity, noting that the firm has been able to take advantage of what it views as a meaningful disconnect between market price and intrinsic value through share buybacks.
“Our suggestion is don’t trust the headlines,” Nutall said. “Stay focused on the fundamentals and how we are executing.”
KKR’s fee-related earnings per share were up 23% year-over-year, driven primarily by strong management fee growth and a diversified fee base.
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