"Apollo Global Management has spent $25 billion purchasing depressed assets during the April tariff turmoil, seeing them as significant investment opportunities during economic uncertainty."
"CEO Marc Rowan emphasized that the current market conditions present a rare chance to acquire valuable assets, particularly in the bond market."
"Rowan noted that the lack of liquidity in the fixed-income market has created a potential for higher returns on a risk-adjusted basis compared to private markets."
"Despite missing on earnings from its insurance arm, Apollo reported record earnings driven by its strong performance in hybrid equity."
Apollo Global Management has become a major player in acquiring distressed assets, spending $25 billion in April as the stock and bond markets reacted negatively to President Trump's tariffs. CEO Marc Rowan highlighted that the seized-up bond market presented a unique buying opportunity, showcasing his belief that public assets can sometimes yield better risk-adjusted returns than private ones during downturns. Despite a drop in share price due to disappointing earnings from their insurance segment, the company reported record fee-related earnings bolstered by hybrid equity investments.
Read at Business Insider
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