Apollo Is Moving Fast On European Debt
Apollo Global Management LLC (NYSE:APO) is continuing its crusade into the world of distressed European assets as the company seeks to make a return from the continent's struggling financial system with its Apollo European Principle Finance Fund II.
The fund is set to concentrate on non-performing loans held in Europe, something the hedge fund believes are to be in ready supply in the coming years. Apollo estimates the existence of around $1 trillion worth of these assets currently available.
The fund is a . . .
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