Henry Kravis: Investors Going To Private Equity, Hedge Funds (KKR)

Henry Kravis, one of the founders of Kohlberg Kravis Roberts (NYSE: KKR) said that investors are going to alternative investments, like hedge funds and private equity, as they look for higher yields.

"With interest rates as low as there are, more and more institutions are moving up the risk spectrum," Kravis said at a New York investor conference. "There's more money being attracted to the alternative space."

KKR went public last, and raised more than $5.4 billion last year, more than a third which came from new investors.

At last check, shares of KKR were off 46 cents to $16.16, a loss of 2.77%.