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Investing With the Smart Money

Stocks in this article: APO RLGY

NEW YORK ( TheStreet) -- I have an investment bias: It's hard to win at the game of investing if the odds are stacked against you. There are many ways to keep that from happening and here's one that should be obvious.

Find a publicly traded asset management company with numerous wealthy clients and an outstanding track record.

One of these, Apollo Global Management (APO - Get Report) will report its quarterly earnings on Monday. It should reveal more about how the smart money plays the hand they've been dealt and why they win more than they lose.

Apollo is the company founded by Leon Black, one of the 300 most successful billionaires in North America, who understands the business of leveraged buyouts, private equity and investment management. Black started APO back in 1990 in New York City and expanded his empire to nine other regions throughout North America, Europe and Asia. Apollo has a market cap of almost $3.5 billion.

His firm primarily provides its services to pension and endowment funds, institutional investors, individual investors, pooled investment vehicles and corporations. It manages client-focused portfolios, hedge funds, real estate funds, and private equity funds for its wide assortment of clients.

APO invests in the fixed income and alternative investment markets across the globe. Its alternative investments include investment in private equity and real estate markets. The firm's private equity investments include traditional buyouts, distressed buyouts and debt investments, corporate partner buyouts, distressed asset, turnaround, corporate restructuring, special situation, acquisition, and industry consolidation transactions. Its fixed income investments include distressed debt, senior bank loans, and value oriented fixed income securities.


It seeks to invest in companies based in North America, with a focus on the United States and Europe. The firm employs a combination of contrarian, value and distressed strategies to make its investments. It conducts an in-house research to decide upon and create its investment portfolio.

As an example of its winning deals, I pointed out in a recent article how APO had decided to heavily invest in the IPO last autumn of the resurgent Realogy (RLGY). It's quite a success story for both APO and RLGY and I encourage you to read it carefully.

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