Bloomberg – Apollo Management LP, a private- equity firm co-founded by Leon Black, closed its metals hedge fund in London, according to two people with direct knowledge of the matter.
The New York-based firm put $40 million into the Apollo Metals Trading Fund, which started in March 2009, according to a U.S. Securities and Exchange Commission filing. An outside spokeswoman for the firm declined today to say why Apollo shut the fund or to give the number of fund employees.
