Hints and tips:
...Black and Harris did not immediately respond to requests for comment....
...Its new fund — known as Strategic Investment Partners V — plans to buy risky debt, including junior loans and convertible bonds, as well as preferred stock....
...“This gives them the financial power to finish the job. The defendants are not going to be able to wait them out.”...
...“Chicago has a tight business community, so it’s certainly disappointing that they all left,” Roger Hochschild, chief executive of suburban Chicago-based Discover Financial Services, told the Financial Times...
...“As the IPO market begins to open, we look forward to welcoming a robust pipeline of companies,” said Michael Harris, NYSE’s global head of capital markets....
...“A project that would take six months will now take 12,” said Brett Harris, executive director of luxury sales at real estate firm Douglas Elliman....
...But a federal judge threw out the lawsuit against Harris, calling Black’s legal theory “conclusory, vague, indirect, clever and cute”....
...But others at Apollo were shocked by the depth of the financial ties. Even Harris, who had been with Black almost since the beginning, was sceptical....
...A dozen big US financial companies including BlackRock, Blackstone, KKR and T Rowe Price have warned that a backlash against sustainable investing is now a material risk, in filings that show how acrimony...
...in financial markets including private equity, credit and insurance....
...The new fund commitments indicate that institutional investors believe the group’s performance can continue without Black and Harris and under the leadership of a new generation of dealmakers....
...When Australia’s royal commission into the banking and financial services industry handed down its findings in 2019, the effect was devastating....
...So far, the mainstream financial services industry has been spared any knock-on effects of the carnage in crypto markets....
...Black stepped down from Apollo last March after an investigation by outside lawyers concluded that he had paid $158mn to Epstein for tax advice and other professional services....
...“Harris . . . saw an opportunity to take over at Apollo,” they added. A representative for Black declined to comment to the Financial Times....
...Global Management beat profit expectations in its first results since its merger with life insurance company Athene in January, a deal that dramatically transformed the private equity giant into a $32bn financial...
...Harris has vigorously denied the allegations. Apollo said in a statement at the time that the dispute between Black and Harris was private, and that the group was not involved....
...The auction has attracted the interest of billionaire investors including Todd Boehly, co-owner of the Los Angeles Dodgers baseball team, and Josh Harris, the US billionaire and former top executive at Apollo...
...One scoop to start: Josh Harris, the US billionaire and former top executive at Apollo Global Management, is exploring a bid for Chelsea football club, said people familiar with the matter....
...Paulo Guedes, Brazil’s finance minister, has remained bullish, telling the Financial Times recently that Brazil would “surprise the world again” and continue its “V-shaped recovery”....
...Both men said they had never had any contact or financial dealings with Ganieva or any of her representatives....
...This exhibition at the V&A invites us into the opulent world of master goldsmith Carl Fabergé and his London clientele....
...The bitter fallout between billionaire Apollo co-founders Leon Black and Josh Harris, currently playing in a New York court, would surely get soaked up by Netflix viewers....
...Harris is due to depart in early 2022 when the Athene deal, which will transform Apollo into a $30bn financial conglomerate, is set to close....
...“What the bank wants is the access to the service, as much as the investment return,” said Greg Lyons, co-chair of the financial institutions group at the law firm Debevoise & Plimpton....
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