KBW Sticks to Their Buy Rating for Apollo Global Management (APO)
The vulture smelled blood! The hedge fund is shorting a giant in the USA private Crediting.
Short sellers have made a profit of 1.7 billion USD this year by targeting the seven largest private lending Institutions in the USA. Private lending Institutions typically provide loans to small and medium enterprises, but as the economy slows down and trade wars intensify, the financial conditions of borrowers are deteriorating, and the risks faced by these Institutions are gradually increasing.
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