Addition by subtraction

November 01, 2011  

How South Carolina Retirement Systems’ CIO Robert Borden is teaming up with Apollo and Lighthouse to whittle down his exposures

Apollo Global Management and Lighthouse Partners aren’t the only beneficiaries of the deal that the private equity shop and the hedge fund firm struck at the end of last year. While its 40 percent stake in Lighthouse, a $5.6 billion …


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