Apollo mulls mega-listing for US home security business
Apollo Global Management is set to file papers to list ADT, in what could be one of the largest flotations of the year, sources said. The US home security provider - which Apollo acquired last year and merged with two rivals - is valued at $15bn including debt. (WSJ)

Hedge funds record longest winning streak in 13 years
The global hedge fund sector has recorded the eighth consecutive month of positive returns, with the Fund Weighted Composite Index - tracked by Hedge Fund Research - rising 3.4% year-to-date, marking its longest winning run in 13 years. Hedge funds saw inflows of $6.7bn in the three months ended June, boosting assets to a record $3.1tn. (FT)