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

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Quattrex Sports AG Debuts Soccer-Focused UCITS Fund

Sep 9 2016 | 9:54pm ET

Innovative alternative investment company Quattrex Sports has unveiled a new UCITS...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...