John F. W. Rogers is known on Wall Street for four initials and an enviable fact of corporate geography. The F. and W. stand for Francis and William, though why Rogers uses them both is one of several mysteries he has either gone out of his way to cultivate or never seen fit to explain.
Buyout firms typically extract profits from the companies they acquire by taking them public or selling them. In a world with zero interest rates, they’re finding it easier than ever to cash in through the debt market.
Companies owned by Apollo Global Management LLC and Cerberus Capital Management LP defaulted on their debt more than those owned by 12 of the other largest private-equity firms, according to Moody’s Investors Service.
Banks everywhere should study Scandinavia’s response to its 1990s crisis to see how a near collapse was used to create one of the world’s best-functioning financial industries, according to John Rogers, chief executive officer at the Chartered Financial Analyst Institute.
After the Great Recession laid waste to the housing market, decimated portfolios and cost Kaylene Murzin's father his construction job, the 15-year-old found another way that she, like many teenagers, didn’t want to emulate her parents: financially.
Momentive Performance Materials Inc., a maker of silicones and quartz products, filed for bankruptcy after struggling to make payments on debt dating to its 2006 buyout by Leon Black’s Apollo Global Management LLC.