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.
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.
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