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17.11 - 12:29
Apollo posts $876m loss as retirement unit weighs on results
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fnlondon.comApollo Global Management posted its third straight quarterly net loss as rising interest rates continued to weigh on assets held by its Athene retirement services group.
But third quarter adjusted net income — or what the firm formerly called distributable earnings — climbed 6.4% to $800.5m, or $1.33 a share, Apollo said.
Fee-related earnings...
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