News

Apollo moves past CalPERS woes

The private equity firm portrays itself as a victim in the public pension fund scandal. March 26, 2011|By Stuart Pfeifer and Nathaniel Popper, Los Angeles Times The firm is led by Leon Black, a former protégé of Michael Milken at high-risk securities operation Drexel Burnham Lambert Group Inc. When Drexel went under in 1990, Black … Continue reading Apollo moves past CalPERS woes

Tax bill could slash Blackstone earnings

From Times Wire Services, June 16, 2007 Blackstone Group on Friday warned potential investors in its initial public offering that a tax bill before Congress could reduce its earnings substantially in coming years. The tax measure, which would tax publicly traded private equity firms as corporations rather than partnerships, was introduced late Thursday by the … Continue reading Tax bill could slash Blackstone earnings