KKR Shares Plunge 6.32% Amid 45.33% Volume Surge to 0.78 Billion Ranking 129th in NYSE Trading Activity as Restructuring Prioritizes High-Yield Debt

KKR (NYSE: KKR) closed 2025/09/24 at a 6.32% decline, with a trading volume of 0.78 billion, marking a 45.33% increase from the previous day’s volume and ranking 129th in total trading activity on the NYSE. The decline follows a strategic shift in asset management operations, as the firm announced a restructuring of its private credit division to prioritize high-yield debt investments. This move aims to align with market demands for higher returns in a low-interest-rate environment but has raised concerns about short-term liquidity pressures.

Analysts noted that the restructuring could affect KKR’s fee-based revenue streams, particularly as the firm reallocates resources toward active portfolio management. The company also disclosed preliminary results from a back-test evaluating the performance of a volume-weighted trading strategy. The test required defining parameters for market universe selection, trade execution timing, and transaction cost assumptions to ensure accurate data generation. KKR emphasized the need for precise execution conventions, such as whether trades should be based on closing prices or open-to-close intervals, to avoid distortions in the back-test outcomes.

To run this back-test accurately, the firm outlined three critical parameters: 1) the universe of stocks (e.g., S&P 500 constituents vs. broader U.S. markets), 2) trade execution timing (close-to-close vs. open-to-close), and 3) assumptions about rebalancing costs (e.g., including 1 basis point per side). These details will determine the validity of the back-test results and inform future portfolio optimization strategies. KKR plans to finalize these parameters by Q1 2026 ahead of full-scale implementation.