Epstein Secrets

sector. and others. In addition, certain Apollo affiliates manage assets for Athene Asset Management and earn sub-advisory fees for these services. Athene is the parent of Athene Life Re Ltd.. a Bermuda-based reinsurance company focused on the life reinsurance sector: Liberty Life Insurance Company. a

's investments as a whole without regard to whether all of the returns would, if distributed, be payable to the fund's investors: ' Holdings" means AP Professional Holdings. L.P., a Cayman Islands exempted limited partnership through which our managing partners and contributing partners hold their Apollo Operating Group

ember 31.2011 as compared to the year ended December 31. 2010. This change was primarily attributable to increased asset allocation fees earned from Athene of $9.4 million during the year. These fees arc partially offset by a corresponding expense categorized as sub-advisory fees and included within pro

terests of. and operated and controlled all of the businesses and affairs of. the Apollo Operating Group through its wholly-owned general partners. AP Professional Holdings. L.P.. a Cayman Islands exempted limited partnership ("Holdings"). is the entity through which the Managing Partners and the Company's other partner

hdrawals (cash flows) before the effects of management fees, incentive fees allocated to the general partner, or other fees and expenses. Returns of Athene sub-advised portfolios and CLOs represent the gross returns on invested assets, which exclude cash. Returns over multiple periods are calculated by

ssets, which exclude cash. Returns over multiple periods are calculated by geometrically linking each period's return over time; • "Holdings" means AP Professional Holdings, M., a Cayman Islands exempted limited partnership through which our Managing Partners and Contributing Partners indirectly beneficially own their