Is KKR and Co. (KKR) A Smart Long-Term Investment Pick?

Ariel Investments, an investment management firm, published its “Ariel International Fund & Ariel Global Fund” fourth quarter 2021 investor letter – a copy of which can be downloaded here. Ariel Global Fund’s fourth quarter and calendar year gain underperformed its primary benchmark, which was propelled by its exposure to large-cap U.S. growth stocks. Conversely, Ariel International Fund outperformed its primary benchmark during the quarter yet lagged over the one-year period. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Ariel Investments, in its Q4 2021 investor letter, mentioned KKR & Co. Inc. (NYSE:KKR) and discussed its stance on the firm. Founded in 1976, KKR & Co. Inc. (NYSE:KKR) is a New York, New York-based private equity company with a $51.2 billion market capitalization, and is currently spearheaded by its CEOs, Henry Kravis and George R. Roberts. KKR & Co. Inc. (NYSE:KKR) delivered a -19.26% return since the beginning of the year, while its 12-month returns are up by 25.65%. The stock closed at $60.15 per share on March 22, 2022.

Here is what Ariel Investments has to say about KKR & Co. Inc. (NYSE:KKR) in its Q4 2021 investor letter:

“Founded in 1976, KKR & Co. Inc. (NYSE: KKR) is one of the largest and most successful global investment firms that offers alternative asset management, capital markets and insurance solutions. KKR funds invest in private equity, credit and real assets. The firm also has strategic partners that manage hedge funds. With $459 billion in assets under management as of September 30, 2021, KKR invests its own capital alongside its partners’ capital.

The company has attractive fundamentals—supported by positive secular trends, strong long-term investment results and healthy fundraising activity—which the market continues to underappreciate…” (Click here to see the full text)

Our calculations show that KKR & Co. Inc. (NYSE:KKR) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. KKR & Co. Inc. (NYSE:KKR) was in 55 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 56 funds in the previous quarter. KKR & Co. Inc. (NYSE:KKR) delivered a -16.64% return in the past 3 months.

In February 2022, we also shared another hedge fund’s views on KKR & Co. Inc. (NYSE:KKR) in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.