Latest news with #KIO
Time of India
2 days ago
- Sport
- Time of India
Hyd girl kicks to glory, wins bronze at Asian Karate Championship
Hyderabad: In a landmark moment for Indian karate, Hyderabad's Bhuvenshwari Jadhav clinched a bronze medal in the 68 kg weight category (kumite) at the prestigious 21st Asian Karate Championship, held recently in Tashkent, the capital of Uzbekistan. Competing against top-tier karatekas from across the world, the 29-year-old not only secured her first continental medal but also booked a berth at the 2026 Asian Games in Japan. "Bhuvaneshwari Jadhav also became the first Indian woman to reach the semifinals and win a bronze medal in this championship, which is second to the Asian Games in karate," said her mentor and coach, Keerthan Kondru, who also served as the head coach of the Indian contingent, appointed by the Karate India Organisation (KIO). A regular face in the Indian national team for over six years, Jadhav was sceptical while heading to the Asian Championship for her fourth appearance. However, a 20-day camp at the Olympic Training Centre in Tashkent prior to the tournament paid off. "For the first time, I got a chance to train with a group of Asian and world champions. It helped me test my standards and prepare shoulder-to-shoulder with Asia's elite. It was a tough pool too, as there were many medallists from the previous years," recalled Jadhav while speaking to TOI. Her competitors included former Asian Games medalist Aldrous Joud from Jordan and Japan's Kama Tsubasa, who won silver in this year's championship. "I won both my first two bouts against Jordan and China almost miraculously. The Chinese player was taller than me, so it was a tough contest. Against Japan (Tsubasa), I was leading 2-1 until the last second, but she scored and won," said Jadhav. A 2017 economics graduate from Fergusson College, Pune, Jadhav began her professional karate journey at the age of 22, although her roots in the sport date back to her school days, with both her parents being karate practitioners. A native of Solapur district in Maharashtra, Jadhav moved to Hyderabad in late 2017 and has been training at Kondru's My Dojo Karate Academy in Nizampet. Receiving just Rs 8,000 per month from her father to manage rent, food, and essentials, she stayed in a cramped PG accommodation with five others. "I told my father I'll return in a month. It's been eight years since," she laughed. Her breakthrough came in 2019 with her first national medal and a gold at the All India University Games. However, she faced a major setback in 2023 during the South Asian Championship in Nepal, where she suffered a severe ACL and meniscus in the finals and had to undergo surgery. "Doctors predicted a nine-month recovery with a possible two-year return timeline. But she fast-forwarded her rehabilitation and made a comeback in three months and reclaimed her national champion title — a feat that is nearly impossible for any athlete to achieve in just four months post-surgery," recalled Kondru. "I'm very greedy about medals," remarked Jadhav and added, "I couldn't share it with anyone else." Her mother, Sangeeta Jadhav, says that the family has grown with her achievement. "She has our full support and should win a medal at the Asian Games 2026." However, apart from Asians, Jadhav has big plans. "I want to do for karate what Neeraj Chopra did for javelin. Until he came, no one knew javelin. Now look. If I don't share my knowledge with youngsters, what's the point of all this?" she asked.
Associated Press
11-02-2025
- Business
- Associated Press
KKR Income Opportunities Fund Completes Acquisition of Assets of Insight Select Income Fund
The Board of Trustees of KKR Income Opportunities Fund (NYSE: KIO) today announced the closing of KIO's previously announced acquisition of the assets of Insight Select Income Fund ('INSI'). 'We are thrilled to officially welcome INSI shareholders to KIO,' said Jeremiah Lane, Co-Head of Global Leveraged Credit at KKR. 'We continue to believe this is a strong environment for credit investing, and we look forward to leveraging the compelling opportunities we see in the market to continue delivering value to our shareholders.' INSI's shares ceased trading on The New York Stock Exchange on January 31, 2025. KIO will continue to trade on the New York Stock Exchange under its current ticker symbol, 'KIO.' INSI will receive shares of KIO based on the closing net asset values on February 6, 2025, which were $17.62 and $13.08 for INSI and KIO, respectively. Following the closing, shares of KIO will be distributed to shareholders of INSI. Therefore, INSI shareholders will receive 1.34709 shares of KIO for each share of INSI they held. Only whole shares of KIO will be issued. Fractional shares will be liquidated at market prices and proceeds will be distributed to shareholders in cash. INSI shareholders were given the option to receive a portion of the consideration in cash subject to the adjustment and proration procedures set forth in the Agreement and Plan of Reorganization; 55.6% of INSI shareholders elected to receive cash consideration. Shareholders who made this election will receive approximately 8.8% of the value of their INSI shares in cash with the rest in KIO shares. The cash election proceeds and whole shares will be distributed on February 12, 2025, while cash resulting from the sale of fractional shares will be paid out early the following week. UBS Securities LLC served as financial advisor to Insight North America LLC ('Insight'). Dechert LLP served as legal counsel to KIO and KKR Credit Advisors (US) LLC. Clifford Chance LLP served as legal counsel to Insight and Troutman Pepper Hamilton Sanders LLP served as legal counsel to INSI. KKR Income Opportunities Fund KKR Income Opportunities Fund is a diversified, closed-end management investment company managed by KKR Credit Advisors (US) LLC ('KKR Credit'), an indirect subsidiary of KKR & Co. Inc. ('KKR'). The Fund's primary investment objective is to seek a high level of current income with a secondary objective of capital appreciation. The Fund will seek to achieve its investment objective by investing primarily in first- and second-lien secured loans, unsecured loans and high yield corporate debt instruments. It seeks to employ a dynamic strategy of investing in a targeted portfolio of loans and fixed-income instruments of U.S. and non-U.S. issuers and implementing hedging strategies in order to achieve attractive risk-adjusted returns. Please visit for additional information. KIO invests in loans and other types of fixed-income instruments and securities. Such investments may be secured, partially secured or unsecured and may be unrated, and whether or not rated, may have speculative characteristics. The market price of KIO's investments will change in response to changes in interest rates and other factors. Generally, when interest rates rise, the values of fixed-income instruments fall, and vice versa. Use of leverage creates an opportunity for increased income and return for common shareholders of KIO but, at the same time, creates risks, including the likelihood of greater volatility in the NAV and market price of, and distributions on, the common shares of KIO. In particular, leverage may magnify interest rate risk, which is the risk that the prices of portfolio securities will fall (or rise) if market interest rates for those types of securities rise (or fall). As a result, leverage may cause greater changes in KIO's NAV, which will be borne entirely by KIO's common shareholders. Derivative investments have risks, including the imperfect correlation between the value of such instruments and the underlying assets of KIO. The risk of loss from a short sale is unlimited because KIO must purchase the shorted security at a higher price to complete the transaction and there is no upper limit for the security price. The use of options, swaps, and derivatives by KIO has the potential to significantly increase KIO's volatility. In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations. KIO's investments in securities or other instruments of non-U.S. issuers or borrowers may be traded in undeveloped, inefficient and less liquid markets and may experience greater price volatility and changes in value. 212-750-8300 SOURCE: KKR Income Opportunities Fund Copyright Business Wire 2025. PUB: 02/10/2025 05:47 PM/DISC: 02/10/2025 05:48 PM
Yahoo
10-02-2025
- Business
- Yahoo
KKR Income Opportunities Fund Completes Acquisition of Assets of Insight Select Income Fund
NEW YORK, February 10, 2025--(BUSINESS WIRE)--The Board of Trustees of KKR Income Opportunities Fund (NYSE: KIO) today announced the closing of KIO's previously announced acquisition of the assets of Insight Select Income Fund ("INSI"). "We are thrilled to officially welcome INSI shareholders to KIO," said Jeremiah Lane, Co-Head of Global Leveraged Credit at KKR. "We continue to believe this is a strong environment for credit investing, and we look forward to leveraging the compelling opportunities we see in the market to continue delivering value to our shareholders." INSI's shares ceased trading on The New York Stock Exchange on January 31, 2025. KIO will continue to trade on the New York Stock Exchange under its current ticker symbol, "KIO." INSI will receive shares of KIO based on the closing net asset values on February 6, 2025, which were $17.62 and $13.08 for INSI and KIO, respectively. Following the closing, shares of KIO will be distributed to shareholders of INSI. Therefore, INSI shareholders will receive 1.34709 shares of KIO for each share of INSI they held. Only whole shares of KIO will be issued. Fractional shares will be liquidated at market prices and proceeds will be distributed to shareholders in cash. INSI shareholders were given the option to receive a portion of the consideration in cash subject to the adjustment and proration procedures set forth in the Agreement and Plan of Reorganization; 55.6% of INSI shareholders elected to receive cash consideration. Shareholders who made this election will receive approximately 8.8% of the value of their INSI shares in cash with the rest in KIO shares. The cash election proceeds and whole shares will be distributed on February 12, 2025, while cash resulting from the sale of fractional shares will be paid out early the following week. UBS Securities LLC served as financial advisor to Insight North America LLC ("Insight"). Dechert LLP served as legal counsel to KIO and KKR Credit Advisors (US) LLC. Clifford Chance LLP served as legal counsel to Insight and Troutman Pepper Hamilton Sanders LLP served as legal counsel to INSI. KKR Income Opportunities Fund KKR Income Opportunities Fund is a diversified, closed-end management investment company managed by KKR Credit Advisors (US) LLC ("KKR Credit"), an indirect subsidiary of KKR & Co. Inc. ("KKR"). The Fund's primary investment objective is to seek a high level of current income with a secondary objective of capital appreciation. The Fund will seek to achieve its investment objective by investing primarily in first- and second-lien secured loans, unsecured loans and high yield corporate debt instruments. It seeks to employ a dynamic strategy of investing in a targeted portfolio of loans and fixed-income instruments of U.S. and non-U.S. issuers and implementing hedging strategies in order to achieve attractive risk-adjusted returns. Please visit for additional information. KIO invests in loans and other types of fixed-income instruments and securities. Such investments may be secured, partially secured or unsecured and may be unrated, and whether or not rated, may have speculative characteristics. The market price of KIO's investments will change in response to changes in interest rates and other factors. Generally, when interest rates rise, the values of fixed-income instruments fall, and vice versa. Use of leverage creates an opportunity for increased income and return for common shareholders of KIO but, at the same time, creates risks, including the likelihood of greater volatility in the NAV and market price of, and distributions on, the common shares of KIO. In particular, leverage may magnify interest rate risk, which is the risk that the prices of portfolio securities will fall (or rise) if market interest rates for those types of securities rise (or fall). As a result, leverage may cause greater changes in KIO's NAV, which will be borne entirely by KIO's common shareholders. Derivative investments have risks, including the imperfect correlation between the value of such instruments and the underlying assets of KIO. The risk of loss from a short sale is unlimited because KIO must purchase the shorted security at a higher price to complete the transaction and there is no upper limit for the security price. The use of options, swaps, and derivatives by KIO has the potential to significantly increase KIO's volatility. In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations. KIO's investments in securities or other instruments of non-U.S. issuers or borrowers may be traded in undeveloped, inefficient and less liquid markets and may experience greater price volatility and changes in value. View source version on Contacts Julia Kosygina or Lauren McCraniemedia@ 212-750-8300
BBC News
10-02-2025
- Sport
- BBC News
Abuse in English football a 'crisis'
The level of abuse in English football has "reached crisis point", says the head of anti-discrimination body Kick It comments come after Manchester City's Khadija 'Bunny' Shaw became the latest player to be subjected to racist and misogynistic messages, following a recent Women's Super League pulled out of her club's League Cup semi-final to protect her mental health stemming from what Manchester City described as "disgusting treatment" after a defeat by Arsenal."It is absolutely shocking, and that's just one of a number of examples we see both online and in stadiums," said Kick It Out (KIO) chief executive Samuel Okafor."We're seeing those reports coming into us every single week."Newcastle United recently urged social media companies to do more after midfielder Joe Willock received "appalling" racist abuse on forward Chris Wreh was also racially abused online last Okafor hopes new online safety rules will help to tackle the issue in what he sees as "a pivotal year for driving real change across the game", in terms of both discrimination and Football Governance Bill - which will force clubs to show what action they are taking to meet Equality, Diversity and Inclusion (EDI) targets - is expected to come into law in the next few Football Association has also made it mandatory for clubs to publish workforce data for the first time this summer, "a really big step towards transparency in the game," according to Okafor."If football can really use this moment, it can change," he added. "It's a huge opportunity to make it a more welcoming and inclusive place where people can feel that they can belong and thrive." 'Totally unacceptable' level of abuse KIO received a record number of reports of discrimination in a single season for 2023-24, with levels of sexism, misogyny and racism all on the all levels of English football, there were 1,332 incidents reported by the organisation - a 32% increase. Racism remained the most reported form of discrimination, with a 47% rise in abuse across all levels."These are footballers, but they're [also] real human beings, and when you see the abuse that they face, it's just totally unacceptable," said Okafor."We did a research with 1,500 women fans, and one in four still feel unsafe going to games. 52% said they experienced sexism within a stadium. So there's still a huge amount of cultural work to do to make the game more inclusive."People are feeling more freedom to share their toxic and discriminatory abuse online, in particular."But rules in the 2023 Online Safety Act, due to come into force later this year, compel social media firms to show they are removing illegal content, with the platforms given until March to implement measures or face fines."We believe that's going to give the regulator more powers to be able to hold the social media firms to account, as well as providing better user-empowerment tools," said Okafor."This is really important, because you can see the impact it has. So this is a real opportunity to tackle that. It can be a real game changer."Tech giant Meta recently announced it is abandoning the use of independent fact checkers on Facebook and Instagram, to the dismay of campaigners against hate speech online."That really does trouble me," said Okafor. "That really does make the job harder."And that's why we need the regulators to use their powers to really hold social media firms to account, and to issue those penalties." Football must 'catch up' on diversity data In 2020, the FA launched a voluntary Diversity Code in a bid to tackle racial inequality in the English only 53 clubs signed up to provide data on their workforce annually, and collectively they failed to meet any of the eight recruitment admitted that progress had been "slower than hoped", the FA has made it mandatory for all professional clubs in the English game to provide full diversity workforce data on age, sex, gender, ethnicity, disability and sexual orientation within their organisation by June."We've been calling for this for a number of years," said Okafor."It may feel uncomfortable, but other industries do this on a regular basis, so it's football just trying to catch up to where it should be in terms of bringing the data into the light."The more crucial step is what happens when the data comes out."I'm really interested in seeing - do clubs reflect their communities? If they don't, there's an opportunity to ensure that they've got the relevant plans."What you can see there is clearly a lack of black coaches, of South Asian representation within football. There is a lack of diversity when it comes to match officials, in terms of boardrooms."Okafor says clubs should face fines if they fail to publish the data."We're very hopeful that all the clubs will have published their data," he added."And if not, then we'll be expecting that there should be a level of consequence as a result."This is certainly not about league tables or naming and shaming clubs. This really does drive the long-term sustainability of football."
