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Apollo scrip beats KKR, Carlyle in risk-less return ranking

Bloomberg  |  New York 

Apollo Global Management LLC is the top-performing stock among publicly traded alternative-asset managers as Chief Executive Officer Leon Black demonstrates that reaping gains from buyout holdings while raising new investment funds is the key to pleasing stockholders. Shares of New York-based Apollo, the third-biggest private-equity firm in the US by assets, almost tripled in the year ended May 21, giving it a risk-adjusted return of 5.4 per cent, the best among 12 global buyout, hedge fund and real-estate investment firms in the Bloomberg Risk-less Return Ranking. Carlyle Group LP, the ...

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First Published: Wed, May 22 2013. 00:43 IST