|
Feb 19
|
|
$125.36
$125.36
+0.0%
|
N/A
|
Finnhub News
|
— |
Finnhub - APO
Apollo says CEO Rowan had no business or pers...
|
|
Feb 18
|
|
$125.36
$125.36
+0.0%
|
N/A
|
Finnhub News
|
— |
Finnhub - APO
Apollo Seeks to Reassure Clients About Execut...
|
|
Feb 18
|
|
$125.36
$125.36
+0.0%
|
N/A
|
Finnhub News
|
— |
Finnhub - APO
Apollo Sent the Following Letter to Clients a...
|
|
Feb 18
|
|
$125.36
$125.36
+0.0%
|
LONG
|
Jim Zelter
Co-President of Apollo Global Management
|
Apollo's stock was hit by fears that private credit portfolios are exposed to "obsolete" software companies. Zelter clarifies their exposure to non-IG software debt is minimal. The market mispriced the risk. Apollo is pivoting to "boulders" (massive retirement service markets in Japan/Australia) and Investment Grade credit, which are less disruptable by AI than small-cap SaaS. LONG. The sell-off was based on a misunderstanding of their loan book composition. A broader credit cycle or recession would hurt their private credit book regardless of sector. |
Bloomberg Markets
Bloomberg Surveillance 2/18/2026
|
|
Feb 18
|
|
$125.36
$125.36
+0.0%
|
WATCH
|
Bloomberg Investigative Reporter
Journalist
|
"Leon Black has acknowledged paying Jeffrey Epstein $158 million... The new really leaked documents... said it was much more than just estate and tax planning... Epstein was a fixer." Although Leon Black has stepped down as CEO, he remains the founder of Apollo Global Management, a firm the speaker calls "iconic" and "revered." The release of 3.5 million files ensures a prolonged "drip feed" of negative headlines regarding the firm's creator. Institutional LPs (pensions/endowments) are highly sensitive to reputational and ESG risks. While the firm is operationally distinct, the "headline risk" creates an overhang on the stock and potential volatility as the market digests the full extent of the "intimacy" described. Monitor for entry. The firm is strong ("revered"), but the news cycle is toxic. Avoid catching a falling knife until the full scope of the 3.5 million files is understood. The market may view this as "old news" (priced in) since Black has already departed the firm. |
Bloomberg Markets
The Epstein Files: Epstein Was a Fixer for Le...
|
|
Feb 18
|
|
$125.36
$125.36
+0.0%
|
N/A
|
Finnhub News
|
— |
Finnhub - APO
Apollo Schroders Alliance And EMEA Hire Tie I...
|
|
Feb 17
|
|
$125.15
$125.36
+0.2%
|
N/A
|
Finnhub News
|
— |
Finnhub - APO
Moody's Strengthens Middle East Footprint Wit...
|