Capital Markets SegmentApollo’s capital markets segment had an economic net loss of $14.4 million for the second quarter of 2012, compared to economic net income of $10.5 million for the second quarter of 2011. There was a carried interest loss of $6.7 million for the second quarter of 2012, compared to $13.9 million of carried interest income for the second quarter of 2011. Management fees within the capital markets segment were $74.3 million for the second quarter of 2012, an increase of $28.2 million, or 61%, from the second quarter of 2011. The increase in management fees was largely driven by the previously announced acquisitions of Stone Tower Capital LLC and its related management companies (collectively “Stone Tower”) and Gulf Stream Asset Management LLC.
Apollo Global Management, LLC Reports Second Quarter 2012 Results
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