AAA.AS
AP ALTERNAT ASSETS
Amsterdam
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28.950.48 (1.69%)
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1d
Prev Close28.47
Open28.44
Bid0.00 x
Ask0.00 x
52wk Range24.50 - 37.99
Day's Range28.44 - 29.98
Volume7,910
Avg Vol (3m)9,235
As of 11:35 AM EDT. Market closed.
  • Bloomberg2 years ago

    Apollo-Backed Athene Adds $5.1 Billion of Assets in Delta Deal

    Athene Holding Ltd., the insurer tied to Leon Black’s Apollo Global Management LLC, agreed to buy German subsidiaries of Delta Lloyd NV (DL) , as the company extends its geographic reach and adds more funds to invest. The Delta Lloyd Deutschland business had about 4.3 billion euros ($5.1 billion) of assets as of Sept. 30, Bermuda-based Athene said today. The buyer intends to add staff to support the operations of DLD, which services retirement products and hasn’t sold new policies since 2010, according to a statement posted on the website of Apollo Alternative Assets. Athene has been pursuing takeovers to help its investment strategy, which includes buying securities backed by commercial and residential mortgages to boost yields.

  • Bloomberg2 years ago

    Apollo-Linked Insurer Said to Invest in Lender AmeriHome

    An insurer tied to Apollo Global Management LLC (APO) bought a stake in AmeriHome Mortgage Company LLC, a lender taken over this year by a group including former Countrywide Financial Corp. executives, according to three people with knowledge of the investment. The deal makes Athene Holding Ltd. among the biggest investors in the Woodland Hills, California-based lender, said the people, who asked not to be identified because the information is private. The insurer, which is majority-owned by a fund managed by Apollo, also plans to buy at least some of AmeriHome’s loans that aren’t eligible for government-backed programs, known as non-agency debt, they said. Athene, which also employs former executives from Countrywide, the largest U.S. home lender before the credit crisis, joins fellow insurer American International Group Inc. and bond shops including Western Asset Management Co. and Angel Oak Capital Advisors LLC in seeking to buy new mortgages or invest in originators.