KKR posts $1bn-plus losses

If this email is not displayed correctly, please click on the following link or open your browser and paste the link into the address field: http://view.ed4.net/v/3JFELL/D63L2/LAZ95B/LJ8HZ/   Breaking news Monday June 01 2009 Breaking News   KKR posts $1bn-plus losses Kohlberg Kravis Roberts has revealed a $1.2bn loss for 2008, as some of the private equity group's biggest investments fell in value, including First Data, the credit card processing group, and Alliance Boots, the pharmacy chain. In a surprise investor update late on Sunday night, KKR unveiled sharp drops in the value of portfolios in the four funds it has raised since 2002. The private equity group said its total assets under management shrank from $53.2bn to $48.5bn last year, as a string of big writedowns took their toll. http://link.ft.com/r/3JFELL/AH1PJ/DKPF8/R4D4O/YS4YD/50/h Tools Your account    Portfolio Email Briefings    Price alerts Keyword alerts    RSS feeds © THE FINANCIAL TIMES LTD 2009 ABOUT THIS EMAIL You have received this email because you have signed up for this keyword/company alert on FT.com Change Briefings  •   Unsubscribe  •   Change Email Address  •   Forward this email to a friend  •   Privacy Policy  •   About Us  •   Help The Financial Times Limited, registered in England and Wales number 227590. Registered office: Number One Southwark Bridge, London SE1 9HL. VAT number GB 278 5371 21.