Kohlberg Kravis Roberts on Monday delayed its New York initial public offering, originally planned for this year, as the US private equity group blamed financial market turmoil for another big investment loss at its Amsterdam-listed fund.
Colonial First State, Australiaâ??s biggest fund manager, suspended redemptions from its mortgage funds on Monday. The decision by the Commonwealth Bank of Australia unit, which had A$3.3 bn in mortgage funds at the end of September, lifts the total frozen by such funds to A$24 bn.