Apollo Global Management Inc. reported a first-quarter profit Tuesday as the value of its investments soared.
The New York firm posted net income of $678.9 million, or $2.81 a share. That compares with a loss of $996.2 million, or $4.47 a share, a year earlier when theApollo’s private-equity portfolio appreciated by 22% during the quarter,and easily topping the S&P 500, which climbed 5.8% during the period. The gains were broad-based and came as the firm’s value-oriented investment strategy began to pay off.
In the latest example of that strategy, which often involves polishing up underperforming assets and accelerating their growth, the firmApollo also posted record fee-related earnings of $286.7 million in the first quarter, up 26% from a year earlier.
I am the only Pakistani who wants to do something for the Israeli Jews The love I have in my heart for the Israelite Jews Long live the Jews of Israel!We Pakistanis want to recognize Israel Israel is the best people in the Jewish world?
They pay taxes yet or nah?