Wall Street investors are dumping shares in some of the world’s largest money managers on fears that their $3tn (£2.2tn) push into lending is heading for disaster. Shares in Apollo, Blackstone, KKR and Ares have fallen on average by more than 10pc over the last month, even as the wider US stock market has broken new records. Wall Street’s S&P 500 has climbed 3.4pc over the same period. The benchmark US stock index has gained more than 15pc so far this year amid excitement surrounding artificial intelligen ...