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Distressed & Event-Driven Hedge Funds

Apollo's distressed and event-driven hedge funds utilize similar value-oriented investment philosophies as our private equity business and are focused on capitalizing on our substantial industry and credit knowledge and network of industry relationships.  As of March 31, 2012, we managed a number of distressed and event-driven hedge funds that invest primarily in North America, Europe and Asia with total assets under management of approximately $2 billion. 

Our distressed and event-driven hedge funds currently include the Apollo Value Investment Fund and Apollo Strategic Value Fund (collectively, the "Value Funds"), Apollo Special Opportunities Managed Account and Apollo Asia Opportunity Fund.

  • Apollo's Value Funds invest in absolute-value driven investment opportunities.  The Value Funds’ flexible investment strategy focuses on investments in distressed companies before, during, or after a restructuring, as well as undervalued securities with catalysts.  Investments are executed primarily through the purchase or sale of senior secured bank debt, second lien debt, high yield debt, trade claims, credit derivatives, preferred stock and equity. 
  • Apollo Special Opportunities Managed Account is a private investment fund we formed to manage for one of our strategic investors that seeks to generate attractive risk-adjusted returns through investment in distressed opportunities, primarily in North America and Europe. This fund’s primary mandate is a similar investment strategy to our Value Funds and is currently managed by the same investment professionals.
  • Apollo Asia Opportunity Fund is an investment vehicle that seeks to generate attractive risk-adjusted returns throughout economic cycles in the Asian markets, excluding Japan, and targets event-driven volatility across capital structures, as well as opportunities to develop proprietary platforms. This fund primarily invests in the securities of public and private companies in need of capital for acquisitions, refinancing, monetization of assets and distressed financings and other special situations. This fund focuses on two core strategies: event driven investments and strategic opportunity investments.