KKR to hire Bob Howard and fellow Goldman Sachs prop traders to head hedge fund unit

October 25th, 2010
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Private equity firm KKR & Co. is in the process of hiring nine proprietary Goldman Sachs traders to run a new stock-focused investment unit. According to Bloomberg, Bob Howard, the head of the renowned Goldman U.S. principal-strategies team, is to join KKR as managing director, and new team will join KKR at its New York office in January of next year. Goldman closed down the group to comply with new financial regulations that prevents banks from betting for their own accounts.

KKR’s asset management division currently focuses on credit investments, but with these hires, the firm may begin to make forays into investments in liquid equities, including hedge funds. The division currently manages $13 billion and is led by William Sonneborn.
For Detailed Investor Profiles on these Investors, click below:
KKR Asset Management LLC
Related People: Bob Howard; Christopher Sheldon; Derek Larson; William Sonneborn
Related Entities: KAM; KKR Asset Management; KKR Asset Management LTD; KKR Financial Holdings LLC; Kohlberg Kravis Roberts & Co.
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Jobs, Hirings and Firings; Hedge Fund Launches and Hedge Fund Closings

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