Epstein Secrets

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< Reply-To: < WEALTH MANAGEMENT Subscription Notification: August 3 Apollo Global Management LLC: Outlook Improving as Fund VIII Enters Carry Michael J. Cyprys, CFA, CPA — Morgan Stanley August 3, 2016 6:02 PM GMT Results versus expectations: APO reported a large beat on EPS vs our estimates and consensus

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com/> <http://www.morganstanley.com/img/cs/spacer.gif> Apollo Global =anagement LLC: Management Meeting Takeaways EFTA_R1_01832047 EFTA02623234 Michael J. Cyprys, CFA, CPA — Morgan Stanley September 27, 2018 4:01 AM =MT Our recent meeting with APO mgmt raises our confidence in =ash earnings ramp over next se

t The =opyright in materials provided by Morgan Stanley is owned by Morgan =tanley & Co. LIC. Morgan Stanley Wealth Management is the trade =ame of Morgan Stanley Smith Barney LLC, a registered broker•dealer in =he United States. @ 2018 Morgan Stanley Smith Barney LLC. Member =IPC. <http://www.morganstanley.com/img/cs/spacer.

: Softer 2Q Results But Strong Forward Look; Reiterate =verweight <http://www.morganstanley.com/imgics/spacer.gif> EFTA_R1_01786213 EFTA02599589 Michael J. Cyprys, =FA, CPA — Morgan Stanley August =, 2018 4:32 PM GMT Apollo's softer 2Q =esults reflect a deceleration in performance fee marks in Fund VIII, =hic

t The =opyright in materials provided by Morgan Stanley is owned by Morgan =tanley & Co. LLC. Morgan Stanley Wealth Management is the trade =ame of Morgan Stanley Smith Barney LLC, a registered broker-dealer in =he United States. @ 2018 Morgan Stanley Smith Barney LLC. Member =lPC. <http://www.morganstanley.com/img/cs/spacer.

.com/img/cs/spacer.gif> Apollo Global Management LLC: Three Reasons =o Own Apollo <http://www.morganstanley.com/> EFTA_R1_01901938 EFTA02656282 Michael J. Cyprys, =FA, CPA — Morgan Stanley May 21, =018 5:48 AM GMT We think the market =ndervalues APO's growth in sticky management fee earnings and =erformance

The =opyright in materials provided by Morgan Stanley is owned by Morgan =tanley & Co. LLC. Morgan Stanley Wealth Management is the trade =ame of Morgan Stanley Smith Barney LLC, a registered broker-dealer in =he United States. @ 2017 Morgan Stanley Smith Barney LLC. Member =IPC. <http://www.morganstanley.com/img/cs/spacer.

o Global =anagement LLC: Fund VIII Performance Drives the EPS =eat <http://www.morganstanley.com/imecs/spacer.gif> EFTA_R1_01380424 EFTA02373977 Michael J. Cyprys, =FA, CPA — Morgan Stanley November =, 2017 1:45 PM GMT Strong quarter with APO =asily beating estimates by 35c with $1.07 EPS print vs MSe 72c and

on, located at the end of this report. HOUSE_OVERSIGHT_025551 --- PAGE BREAK --- Morgan Stanley | RESEARCH Contributors MORGAN STANLEY & CO. LLC Michael J. Cyprys, CFA, CPA Equity Analyst +1212 761-7619 [email protected] NORTH AMERICA INSIGHT | e MORGAN STANLEY & CO. LLC Alex D Combs, CFA Rese

s NORTH AMERICA INSIGHT ~~ relevant MSCI country index or MSCI sub-regional index or MSCI AC Asia Pacific ex Japan Index. Important Disclosures for Morgan Stanley Smith Barney LLC Customers Important disclosures regarding the relationship between the companies that are the subject of Morgan Stanley Research and Morgan Stanley