Hints and tips:
...An important financial backer of billionaire Josh Harris’s new asset management venture has received a rare public rebuke from Brookfield Asset Management, which complained that AEL, a life insurance company...
...of Athene, Apollo’s life insurance and annuities subsidiary....
...Last year, Apollo completed its acquisition of Athene — a life and annuities insurer it created in the wake of the 2008 financial crisis — as chief executive Marc Rowan prioritised credit investments as...
...Brookfield has offered to acquire American Equity Investment Life for $4.3bn, making it the latest private capital manager looking to expand in credit investing by adding retirement annuity and life insurance...
...A letter signed by several large traditional insurers including Equitable, MetLife, New York Life and Prudential, said “structured securities are important financial products, but they also have unique ‘...
...The man of the moment in private capital is not anywhere near New York City....
...Athene, which manages annuities on behalf of retirement policyholders, has become one of the engines of growth inside of Apollo, best known on Wall Street for its mega-sized corporate buyouts....
...Additional reporting by Sujeet Indap in New York...
...The closure reflects an industry-wide dilemma, the New York Times reports....
...Apollo is funnelling cash towards HarbourView through its credit arm, which includes Athene, the retirement annuity group with which it merged last year....
...kadhim@ft.com / sid.v@ft.com...
...In New York, a team of Apollo executives works on its Buffett-style corporate rescues, which use Athene capital alongside money from other clients....
...Powell was educated at a local high school in the Bronx and at the City College of New York, which he chose over New York University because tuition cost only $10 a year....
...Brunswick Group has hired Philip Delves Broughton as a partner and its head of content in New York....
...No sooner had their life insurance venture, Athene Holding, got off the ground than Mr Belardi began confronting questions from New York regulators about whether he and his team were taking too much risk...
...Athene Holding, the life insurance affiliate of private equity firm Apollo Global Management, has expressed interest in acquiring all or parts of General Electric’s troubled long-term care insurance business...
...On Wednesday, KKR became the latest Wall Street investment group to make a move into annuities, buying Global Atlantic, the former life assurance unit of Goldman Sachs, in a deal worth roughly $4.4bn....
...The ruling, which has been made public by New York state supreme court, detailed how Mr Dang used his fiancée’s personal email account to work on Caldera’s investor presentations....
...It turns out retirees are no fans of herd immunity. Friends of the president are trying to figure out how to return life to normal without provoking a new death toll....
...A few years later, her policy passed to a new owner — Athene Holding, a controversial and highly acquisitive life insurance company which has shaken up the way the annuity business operates in the US....
...Athene, which is also named as a defendant in the New York suit by Caldera, said the allegations were “flawed” and that New York courts lack jurisdiction over the Bermuda-incorporated company....
...As Sujeet Indap and Mark Vandevelde explain in this FT Big Read, he created Athene Holding, a controversial and highly acquisitive life insurance company with a $100bn asset portfolio, which makes it Apollo...
...Horizon Kinetics, a New York-based investment adviser, has set its sights on reorganising Texas Pacific Land Trust, a highly profitable company with land holdings on the Texas side of the Permian Basin,...
...Apollo’s life insurance affiliate Athene Holding and Caldera are battling each other for control of American Equity Investment Life, an Iowa retirement annuities specialist that said in May it had put itself...
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