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KKR Hiring Nine Goldman Traders for Equities Unit

KKR & Co. is poised to start a unit to invest in stocks with a cadre of proprietary traders from Goldman Sachs Group Inc., after new financial regulations spurred the investment bank to shed a team that made bets with the company’s capital.

KKR, founded by Henry Kravis and George Roberts, is close to hiring nine members of Goldman Sachs’s U.S. principal-strategies team, Kristi Huller, a spokeswoman for the New York- based buyout firm, said in an interview. Bob Howard, who heads that group, will join KKR as managing director.