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If you want a view into the travails of the private equity industry, you can check out the shares of AP Alternative Assets, which is operated by Apollo Management. Traded on the Euronext, the price has gone from $20 in 2006 to $1.
According to a piece in this week's Barron's [a paid publication], AP Alternative Assets could be headed for even more trouble. Keep in mind that the fund focused on the frothy deals of 2006 to 2007 (although, there are some 2008 transactions). This means there are positions in ailing companies like Harrah's, Realogy, and Claire's Stores. Yikes!
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
