Saturday, July 12, 2014
Inquirer Daily News

Sixers owner invests Philly pension cash

City, unlike team, can't afford a rebuilding year.

Sixers owner invests Philly pension cash

Apollo Global Management, the hedge fund run by Josh Harris, who heads the group that owns Philadelphia's woeful NBA 76ers, is also managing $50 million in distressed-debt investment for the city's $4.3 billion pension system.

"Let's hope Philadelphia's new investments play better than Harris' weak Sixers. This city's finances can't afford a rebuilding year." Read more in my column in Sunday's Philadelphia Inquirer here.

Joseph N. DiStefano
About this blog

PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano
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