Monday, 29 December 2014
Last updated 2 hours 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.