Apollo-backed Athene invests $8.4 billion over 12 months

October 22, 2014 by Laura Davison, Bloomberg

(Bloomberg) — Athene Holding Ltd., the insurer tied to Apollo Global Management LLC, added $8.4 billion of investments over 12 months at an average yield of 6.76 percent as the company pursues mortgage-related wagers.

Net investment income for the quarter ended June 30 was “in line” with results from the prior three months, when the figure was $579 million, Athene said in a letter posted today on the website of Apollo Alternative Assets.

Athene has targeted securities backed by commercial and residential mortgages since taking over a U.S. life and annuity business from Aviva Plc last October. Click here to read…

Originally Posted at LifeHealthPro on October 20, 2014 by Laura Davison, Bloomberg.