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Apollo asset sales drive record cash for shareholders
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Apollo Global Management reported lower third-quarter profit, but the portion of its earnings that it could hand back to shareholders climbed to a record level.
The New York company posted net income of $258.3m, or $1.01 per share, down from $272.4m, or $1.11 per share, a year earlier.
Apollo’s private-equity portfolio appreciated by 4.8%...
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