It has been a brutal first half of the year for alternative-asset managers. Shares of KKR Apollo Blackstone and others in the space are down more than 30% through June 30, trailing the 19.5% decline in the financials sector overall.
But some analysts argue that the selloff has created bargains, particularly in KKR & Co. (ticker: KKR), one of the more beaten-down names. KKR stock is off 38% this year and is down 45% from its 52-week high of $83.90. It closed at $46.29 on Thursday, closing out the first half of the year.