Entries tagged "Apollo Global Management"
A look at the news moving deal-related stocks including Liberty Global, Disney, Citigroup, British Airways and Playboy.
The list of buyers gearing up to acquire discounted debt is getting even longer, as bond managing giant Pacific Investment Management Co. is raising as much as $5 billion to scoop up mortgage-backed debt. ...
Apollo Global Management is moving into distressed debt in a big way as it bets that banks will be willing to part with loans to under performing companies at deep discounts. The private equity firm has already received $2.3 billion for distressed investing in the U.S. from Calpers, but has plans to raise a further £1.1 billion ($2 billion) for a European-focused distressed fund....
With corporate defaults expected to keep soaring, the nation's largest pension fund, the California Public Employees' Retirement System, has reallocated $2.3 billion from its stock holdings into a trio of distressed-debt funds run by Apollo Global Management LLC. ...
