Zach is not happy. Why? Part of the reason why he recommended buying shares of KKR & Co. (KKR) was because they had promised to distribute the majority of profits to their shareholders. But now KKR is going back on that agreement and deciding to keep its profits in-house. This hurts income investors like us because we'll now receive a much smaller payout each quarter.
The post Why I’m Angry at Our Private Equity Management Team appeared first on Agora Financial.
