He owes Apollo’s boffo start to the killing he made on an insurer’s then-skanky high-yield bonds. Then came Epstein.

In Washington, there’s a fight over more relief, as the European Union just passed a huge aid measure.

Managing your pension deficit is more challenging today than in years gone by. As rates have fallen, the dollar value of liabilities has gone up tremendously – while asset values are highly volatile and are also being spent down at an increasing rate.

The world’s largest asset manager is also seeking a head of blockchain investments.

The move from the largest funds under the $239.8 billion New York City Retirement Systems follows a commitment made in 2018.

Liquidity issues and other business risks could prompt a wave of defaults and restructurings, in turn creating fertile ground for opportunistic investing in distressed credit. Read more.

Despite small interest payments and not much price appreciation potential, many investors say it does deliver in this one area.