New Apollo Hedge Fund To Short U.S. Junk Bonds

Aug 1 2014 | 1:55pm ET

Apollo Global Management is seeking investors for a new junk-bond hedge fund it launched last year.

The private-equity giant’s Apollo Credit Short Opportunities Fund began trading with internal capital in November, The Wall Street Journal reports. The firm began fundraising for the vehicle this month, with plans to formally launch the fund for outside investors in the fall.

It is not clear how much Apollo seeded the fund, which is managed by U.S. opportunistic credit head John Zito, with, or how much it is seeking from investors.

The fund bets against junk-rated U.S. bonds.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...