From: Richard Kahn < Sent: Thursday, December 10, 2015 1:42 PM To: Jeffrey E. Subject: APO http://www.moneyflowindex.org/apollo-global-management-apo-is-initiated-by-jefferies-to-hold-price-target-at- 19/3205906/ Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 tel 212-971-1306 fax 646-350.0954 cell 917-414-7584 1 EFTA_R1_01595921 EFTA02480039