Posts Tagged ‘Jim Cramer’

Cooperman Boosts KKR Position

July 9, 2010

Chidem Kurdas

Amid the excitement about the coming initial public offering of private equity giant Kohlberg Kravis Roberts & Co., the already publicly-traded credit fund managed by the firm, KKR Financial Holdings, appears to have slipped some pundits’ minds.

But Leon Cooperman of Omega Advisors has KKR Financial very much on the mind, judging from his recent buying. (more…)

Cramer, KKR, Cooperman and Converts

May 25, 2010

Chidem Kurdas

Last Friday Jim Cramer recommended KKR Financial Holdings, the publicly-traded credit vehicle from private equity giant Kohlberg Kravis Roberts. The investment idea came with a couple of warnings.

One, it is speculative. They borrow money to buy debt, Mr. Cramer said. They buy primarily below-investment-grade debt as well as distressed or stressed paper.

Two, the main reason Mr. Cramer says he went for KKR Financial is insider buying—-by KKR chief executive William Sonneborn and notably by Leon Cooperman, long-time equity investor and head of Omega Advisors. Surely a good sign.

Mr. Cooperman is a substantial shareholder. The striking thing, though, is something Cramer did not mention. (more…)