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Fees jump 24% as private equity giant posts $660m profit for the third quarter

Apollo Global Management swung to a profit in the third quarter, boosted by higher fees and spread-related earnings.

The private equity firm posted a third-quarter profit of $660m, or $1.10 a share, compared with a loss of $563m, or 98 cents a share, a year earlier.

Will Feuer, Dow Jones Newswires

Apollo Global Management

Apollo

FactSet

Earnings

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Apollo swings to profit after fees jump

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