Sunday, 29 March 2015
Last updated 1 day ago
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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…