Apollo Posts Profit as Investments Outpace Broader Market

  • 📰 WSJ
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

Apollo’s private-equity portfolio appreciated by 22% during the first quarter, beating out rivals and easily topping the S&P 500

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.

 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

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?

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 98. in İD

Indonesia Berita Terbaru, Indonesia Berita utama