Oaktree Capital Group LLC
How Apollo’s Real Asset Division Performed in 3Q17
Fall in total revenue Apollo Global Management’s (APO) real asset division saw its total revenue fall from $23.1 million in 3Q16 to $21.7 million in 3Q17, mainly due to its carried interest income falling from $6.5 million to $1.8 million. The division’s advisory and transaction fees rose from $1 million in 3Q16 to $1.4 million in […]
What Diamond Foods’ Segments Contributed in Fiscal 1Q16
Diamond Foods operates in two segments that are the Snack segment and the Nut segment. The latter consists of the Emerald and Diamond of California brands.
What Blackstone’s Private Equity Division Could Expect in 4Q17
Carrying value The Blackstone Group’s (BX) corporate private equity division’s carrying value is expected to rise in 4Q17. The company’s private portfolio is forecast to witness favorable momentum, boosting the division’s total AUM (assets under management). Since AUM and base fees are directly related to each other, higher AUM could lead to a rise in the […]
How Blackstone’s Valuation Compares
Lower price-to-earnings ratio The Blackstone Group (BX) has an NTM (next-12-month) price-to-earnings ratio of 11.1x, lower than competitors’ average of 11.4x, indicating that it has a lower valuation. Peers (XLF) Ares Management (ARES), KKR (KKR), and Oaktree Capital (OAK) have NTM price-to-earnings ratios of 12.2x, 9.3x, and 12.8x, respectively. Blackstone may have a lower valuation due to the expectation […]
How Blackstone’s Asset Management Experience May Benefit Insurers
Chris Blunt joins Blackstone Insurance Solutions On January 8, 2018, The Blackstone Group (BX) announced that Chris Blunt would be joining Blackstone Insurance Solutions. Blunt, New York Life Investments Group’s former president, will be the CEO and senior managing director of Blackstone’s insurance business. The company’s insurance business helps insurers address the obligations of policyholders. The company, through […]
Why Einhorn’s hedge fund bought a position in Intrexon Corp.
In this seven-part series, we’ll go through some of the main positions Greenlight Capital LP traded this past quarter. Why buy Intrexon Corp. (XON)?
Why Einhorn opened a new position in Tempur Sealy International
Einhorn acquired a small position (0.9%) in Tempur Sealy International Corp in 3Q 2013. Tempur Sealy International posted 111.4% increase in 3Q 2013 net sales.
Why Einhorn sold Greenlight’s position in State Bank Financial
Einhorn exited a 0.5% position in State Bank Financial Corp. He had purchased these shares in 2Q 2011. Net income for 3Q 2013 was $4.3 million.
The Hammer And Hanging Man Candlestick Pattern
The Hanging Man pattern is the same as the Hammer pattern. When a Hammer pattern forms in an uptrend, it’s the Hanging Man pattern. The pattern has one candle.
The relative share of the alternative asset management space
Alternative assets account for about 10% of the total global asset management industry that’s valued at $63.9 trillion. Private equity contributes most.
Understanding Carlyle’s Valuation
Carlyle’s (CG) NTM (next-12-month) PE (price-to-earnings) ratio of 8.1x is lower than peers’ average of 11.4x, implying that its valuation is lower.
KKR to Provide Funds to Qui! Group
KKR & Company announced on February 27, 2018, that it would be advancing funds to Qui! Group in order to support the company so that it would experience growth.
What’s Expected of KKR’s Private Equity Segment in 1Q18?
KKR & Company’s (KKR) Private Markets segment generated net management, monitoring, and transaction fees of $724.6 million in 2017.
A Look at KKR’s Investments in Copper Foil and Autos
On March 4, 2018, KKR & Company (KKR) and LS Group made an announcement with respect to KKR’s investment in LS Group’s auto business.
How Will KKR & Company Perform Moving Forward?
Wall Street analysts expect KKR & Company (KKR) to have EPS (earnings per share) of $0.56 in 1Q18, an improvement compared to its 4Q17 EPS.
How Can Blackstone Revive Its Discounted Valuations?
The Blackstone Group (BX) has a PE (price-to-earnings) ratio of 11.18x on a next-12-month basis.
Inside Blackstone’s Total Assets Under Management
At the end of 2017, the Blackstone Group’s (BX) total AUM (assets under management) stood at $434.1 billion. On a YoY (year-over-year) basis, this figure reflected a rise of 18%.
What Happened to Blackstone’s Hedge Fund Solutions Segment?
The Blackstone Group’s (BX) Hedge Fund Solutions segment generated total revenue of $167.8 million in 4Q17 compared to $176.4 million in 4Q16.
Blackstone’s Credit Segment’s Total AUM Rose Substantially
The Blackstone Group’s (BX) Credit segment delivered composite gross returns of 3.4% and 1.7% in terms of distressed strategies and performing credit, respectively, in 4Q17.
How Blackstone’s Real Estate Segment Performed in 4Q17
The Blackstone Group’s Real Estate segment’s metrics, such as its total assets under management, deployments, and realizations, benefited from the company’s global reach and large scale in 4Q17.
Analyzing BX’s Private Equity Segment’s Performance in 4Q17
The Blackstone Group’s (BX) Corporate Private Equity segment’s total revenue rose from $460.9 million in 4Q16 to $590.2 million in 4Q17, reflecting a 28% rise year-over-year.
Blackstone Buys a Majority Stake in Financial and Risk Business
The consortium managed by the Blackstone Group (BX) recently made an announcement regarding a partnership with Thomson Reuters (TRI).
Blackstone Reports Strong 4Q17 Results, Beats Estimates
The Blackstone Group (BX) reported EPS (earnings per share) of $0.71 in 4Q17. Analysts had expected the company’s EPS to come in at $0.67 in the quarter.
What to Expect from Blackstone in 4Q17
The Blackstone Group (BX) is expected to report its 4Q17 earnings on February 1, 2018.
Analyzing Apollo Global Management’s Balance Sheet
Apollo Global Management’s (APO) total assets figure was $6.8 billion on September 30, 2017, compared to $5.6 billion on December 31, 2016.
Behind Apollo Global Management’s Real Assets Segment
In 9M17, the Real Assets division of Apollo Global Management (APO) posted total revenues of $67.9 million compared to $56.1 million in 9M16.
Understanding Apollo’s Private Equity Division’s Performance in 2017
Apollo Global Management’s (APO) Private Equity division saw a substantial rise of 96.6% in total revenues in 9M17 compared to 9M16.
How Apollo’s Valuation Stacks Up
Lower valuation Apollo Global Management (APO) has a one-year forward PE (price-to-earnings) ratio of 9.8x, whereas its peers’ average ratio is 9.9x. Peers Fortress Investment Group (FIG), Ares Management (ARES), and Oaktree Capital (OAK) have ratios of 8.5x, 10.3x, and 11.0x, respectively. Apollo’s discounted valuation may be due to its carried interest income falling between 3Q16 […]
Behind Apollo’s Assets Under Management
Inflow and outflow Apollo Global Management’s (APO) AUM (assets under management) saw a significant inflow of $7.9 billion in 3Q17, reaching $241.5 billion. Its credit division had the highest inflow among divisions, of $6.6 billion. Apollo’s private equity and real asset divisions saw an inflow of $0.6 billion and $0.7 billion, respectively, during 3Q17. The company had an outflow of $601 […]
Snyder’s-Lance to Acquire Diamond Foods for ~$1.9 Billion
On October 28, a definitive agreement for Snyder’s-Lance to acquire Diamond Foods was entered. Snyder’s-Lance will acquire all outstanding shares of Diamond Foods.