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

29) (91.737) (28.714) 36.995 (6.726) Net (Loss) Income (1.304.199) 543.224 (95.390) (2.890.173) 1.240.455 Net loss (income) atinbutable to Non-Controlling Interests"A") 835.373 (448.607) (59.786) 1.977.915 11.810.106) Net t Los.$) Income Attributable to Apollo Global Management. LLC (468.526) S 9

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

dated VIEs. The authoritative guidance for Non-Controlling Interests in the consolidated financial statements requires reporting entities to present Non-Controlling Interest as equity and provides guidance on the accounting for 101 EFTA00623493 Table of Contents transactions between an entity and Non-Contro

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

1,061,014 377,228 877,167 Income tax provision (90,707) (26,733) (147,245i Net Income 970,307 350,495 729,922 Net income attributable to Non-Controlling Interests(2X3) (567,457) (215,998) (561,693 i Net Income Attributable to Apollo Global Management, LLC S 402,850 $ 134,497 S 168,229 Net Inco