| From Bloomberg: Apollo Management LP, the private- equity firm led by Leon Black, plans to raise about $500 million for a hedge fund trading copper, gold and mining stocks.
The fund may later be expanded to as much as $2 billion, according to a presentation to investors obtained by Bloomberg News. An outside spokesman for New York-based Apollo declined to comment today. The fund is managed by Mark Thompson, former chief investment officer at London-based Galena Asset Management Ltd., the fund unit of commodities trader Trafigura Beheer BV..... Full Article: Source
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