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.