Apollo Earnings Rocket Upward In 4Q

Apollo Global Management has announced economic net income of $394.1 million for 4Q 2016, equivalent to 98 cents per share, marking a much larger increase in the value of the firm’s portfolio than industry analysts expected and representing a nearly 12-fold YoY increase. The firm reported even more growth in overall earnings, which climbed to $167 million during 4Q, a whopping 27x increase YoY.

Apollo Global Management

Apollo’s private equity portfolio deployed $1.4 billion, realized $609 million and appreciated 5.9% during 4Q, the latter figure resulting in a 13.5% uptick for fiscal year 2016. For comparison, a few days prior, Blackstone announced a 4.5% appreciation for its PE portfolio during 4Q. As of quarter-end, Apollo has deployed 67% of its massive Fund VIII, which closed on $18.4 billion in 2013.

Einhorn Tells Investors: Tesla Is Gaming S&P 500 Index Committee

david einhorn, reading, valuewalk, internet, investment research, Greenlight Capital, hedge funds, Greenlight Masters, famous hedge fund owners, big value investors, websites, books, reading financials, investment analysis, shortselling, investment conferences, shorting, short biasThe Federal Reserve has poured unprecedented levels of stimulus into the U.S. economy to deal with the pandemic, and most experts agree that inflation is just around the corner. David Einhorn has positioned his Greenlight Capital to benefit from inflation when it arrives. Q2 2020 hedge fund letters, conferences and more SORRY! This content is Read More

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