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UC Regents Delivers Mixed Investment Results During the Pandemic


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A pandemic, excess cash on hand, and market turmoil left the University of California’s investment office with mixed performance in its latest fiscal year.  
The investment office recently published a report detailing its performance and internal initiatives for the fiscal year ending June 30, 2020. The report shows that the university’s largest pool of capital, its pension fund, underperformed benchmarks, returning less than 2 percent for the fiscal year. Meanwhile, its endowment portfolio outperformed, returning 5 percent for the year. 
“At the start of the fiscal year, we were cruising along, enjoying the 11th year of a bull market the longest in history and fully expecting it would last through 2020,” chief investment officer Jagdeep Bachher wrote in the report. “The novel coronavirus, however, had more nefarious plans.”  ....

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Black hangs on at Apollo as Epstein scandal costs him CEO role


Black hangs on at Apollo as Epstein scandal costs him CEO role
Heather Perlberg, Bloomberg News
Jeffrey Epstein and Leon Black Photographer: Stephanie Keith and Patrick T. Fallon/Bloomberg/Getty Images
, Photographer: Stephanie Keith and Patrick T. Fallon/Bloomberg/Getty Images
In the end, it was two against one the ultimate power play by Leon Black, one of Wall Street’s ultimate power-players.
After months of ugly headlines about his business dealings with notorious sex offender Jeffrey Epstein, Black himself orchestrated a plan to remove the taint from Apollo Global Management without completely letting go of the company he built. ....

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Leon Black's Epstein Links Costs Him His CEO Role at Apollo


Leon Black’s Jeffrey Epstein Links Costs Him CEO Role at Apollo
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Leon Black, one of
Wall Street’s ultimate power-players. After months of ugly headlines about his business dealings with notorious sex offender
Jeffrey Epstein, Black himself orchestrated a plan to remove the taint from
Apollo Global Management without completely letting go of the company he built.
Black and one of his lieutenants,
Marc Rowan, would join forces against the partner they viewed as the wrong pick for the Apollo throne. Rowan would get the keys to the kingdom, while his colleague and rival, ....

New York , United States , Drexel Burnham Lambert , Michael Milken , Marc Rowan , Gerald Ohara , Jagdeep Bachher , Jeffrey Epstein , Leon Black , Joshua Harris , Exchange Commission , New York Times , Jefferies Group , University Of California Regents , Wall Street , Apollo Global Management , California Regents , Midtown Manhattan , Geraldo Hara , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , ட்ரெக்செல் பர்ன்ஹாம் ல்யாம்‌பர்ட் , மைக்கேல் பால் , மார்க் ரோவன் , ஜெரால்ட் ஓஹாற , ஜகதீப் பச்சேர் ,

Black Hangs On at Apollo as Epstein Links Cost Him CEO Role


Black Hangs On at Apollo as Epstein Links Cost Him CEO Role
Bloomberg
1/26/2021
© Bloomberg
Leon Black
(Bloomberg) In the end, it was two against one the ultimate power play by Leon Black, one of Wall Street’s ultimate power-players.
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After months of ugly headlines about his business dealings with notorious sex offender Jeffrey Epstein, Black himself orchestrated a plan to remove the taint from Apollo Global Management without completely letting go of the company he built.
Black and one of his lieutenants, Marc Rowan, would join forces against the partner they viewed as the wrong pick for the Apollo throne. Rowan would get the keys to the kingdom, while his colleague and rival, Joshua Harris, would gain nothing. ....

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