KKR Shutters Equity Hedge Fund

After three years of uninspiring performance, buyout legend KKR & Co. L.P. (NYSE:KKR) is pulling the plug on its equity investing hedge fund, the Wall Street Journal is reporting. KKR liquidated equities strategy group due to lack of scale KKR Equities Strategies was liquidated last week after failing to attract significant outside assets and delivering a yearly annualized performance near 5% after three years in existence, the report said, significantly outperforming the stock market and other hedge funds The fund had $500 million in assets under management, mostly assets provided by KKR employees. The fund had less than 20 non-KKR…