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Stock Market & Financial Investment News

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May 8, 2014
07:04 EDTAPOApollo Global reports Q1 ENI 55c, consensus 56c
Reports Q1 revenue $509.3M, consensus $525.05M. Reports total assets under management of $159.3B as of March 31, compared to $114.3B as of March 31, 2013. CEO Leon Black said, “The favorable secular tailwinds in our industry - including the search for yield, increasing allocations to alternatives, consolidation of general partner relationships and a shifting financial services landscape - all play to our strengths. We believe Apollo is well-positioned to navigate the investment landscape across market cycles, and we expect our limited partners and shareholders to benefit from Apollo’s integrated investment platform for many years to come.”
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