Saturday, 30 August 2014
Last updated 17 hours ago
Mar 4 2014 | 11:35am ET
Apollo Global Management’s Leon Black made more in 2013 than any other private-equity manager, more than doubling his pay from 2012.
Black took home $546.3 million in compensation, dividends and investment gains last year, Apollo said yesterday. That’s 17% more than Blackstone Group’s Stephen Schwarzman, who earned $465.4 million.
Black wasn’t the only Apollo executive to rake it in last year: co-founders Joshua Harris and Marc Rowan collected $396.7 million and $365.8 million, respectively. The trio’s haul totaled nearly $1.2 billion.
Black, Harris and Rowan took advantage of rising markets to cash out of investments last year; Black said the firm was selling “everything that’s not nailed down.” And he wasn’t the only one: The nine top executives at Apollo, Blackstone, the Carlyle Group and Kohlberg Kravis Roberts split more than $2.6 billion in 2013, more than twice their total from 2012.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...