great start!!, page-47

Having spoken with someone very familiar with the business, I can make 2 comments.

1. I am a buyer even at this level.

2. I am not a seller until past $1.

That article has a lot of good reasons to believe that this is going to be worth well over even previous highs....yes over $2.50.

Pre-GFC, how big could this business really get through organic growth?

"The acquisition by Apollo Global Management LLC of a minority stake in Lighthouse Investment Partners LLC stands out among the recent rash of hedge fund acquisitions more for what it brings to Apollo's investment arsenal than the tidy bundle of cash it delivers to Lighthouse".

Anyone done some numbers on EBIT if we increase FUM from $4.5B to $15B?

Then this, which confirms why this deal is the best deal management could hav done, as they get to stay in on the deal, with you me and every other shareholder who remains invested.

"Mr. McGould said none of Lighthouse's senior executives are ?cashing out. We're putting all of the money we'll receive from Apollo back into the company. Our growth has for some time been coming from large, institutional mandates and it has been strong, but in Apollo, we're gaining a global partner that will introduce its institutional clients to our strategies.?

Kiril.

I hold.

Read more: http://www.pionline.com/article/20101213/REG/101219981#ixzz18dnwQnK0