Over the past week, Leon Black’s giant investment firm, Apollo Global Management Inc., has confronted one question after another about his decades-long relationship with convicted sex offender Jeffrey Epstein.
Over the past week, Black’s giant investment firm, Apollo Global Management Inc., has confronted one question after another about his decades-long relationship with convicted sex offender Jeffrey Epstein.
this month and given fresh attention from an unsealed deposition of Epstein associate Ghislaine Maxwell.Investors distancing themselves from the firm show how serious the issue has become for Black and his general partners. Some clients aren’t convinced that the review, which will be handled by law firm Dechert LLP, will be enough to clear Black’s name, according to people familiar with the matter.for several new funds.
While Black faced pressure in the immediate aftermath of Epstein’s arrest last year, investor angst was rekindled by a New York Times report that he had wired at least $50 million to Epstein after his 2008 conviction for soliciting prostitution from a teenage girl. The article didn’t accuse Black of breaking the law. Apollo shares have fallen about 12% since the story was published on Oct. 12.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amy Coney Barrett’s First Supreme Court Vote Could Be To Limit Ballot CountingThe court was stuck in a 4-4 tie last week.
Read more »
This tech company about to report earnings still has 'ample upside,' longtime investor saysAdobe is veteran technology investor Paul Meeks's top pick heading into a busy week of earnings reports.
Read more »
Today’s 2020 Election Polls: Biden And Trump Neck And Neck In Georgia And TexasA new poll shows Biden ahead by 2 points among registered voters in Texas and tied with Trump in Georgia.
Read more »
Israeli envoys will travel to Sudan for normalisation deal, Netanyahu saysAn Israeli delegation will travel to Sudan in coming days after the two countries agreed to take steps to normalise ties, Prime Minister Benjamin Netanyahu said on Saturday.
Read more »
Carbon Pledge Lifts Wind and Solar Stocks in ChinaChinese renewable-energy stocks have soared recently as investors believe the country’s drive to become carbon neutral will fuel heavy investment in wind farms and solar parks.
Read more »