Some of the world’s most important investment firms announced their earnings this morning. Here’s a summary of how they did. Apollo Global Management LLC (NYSE:APO) beat the prevailing trend in investment firms increasing its profits by 23% year on year. The firm reported profits of $462 million on revenue of $776.7 million in the first quarter. The most surprising aspect of today’s report was the increase in income from fees the company managed to earn in the first quarter. Most of the investment firms reported fees were down in the first quarter of the year. The firm will be happy with…
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