Bloomberg Talks Apollo Asset Management Co-President Jim Zelter Talks Markets
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Jan 9, 2025 Jim Zelter, Co-President of Apollo Asset Management, shares his expert insights on the investment landscape and economic climate. He highlights the benefits of investing in private credit over traditional equities. Jim also contrasts the resilience of U.S. markets with challenges in Europe, discussing political impacts like those from the Liz Truss administration. He examines partnerships between private capital and banking, emphasizing their importance amid a changing financial environment. Mergers and acquisitions are optimistic, yet the IPO market remains uncertain.
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US Economy vs. Europe
- The US economy stands out as a beacon of opportunity, attracting global capital.
- Private capital has fueled growth, contrasting with Europe's lagging financial system.
Europe's Structural Issues
- Europe's financial system lags behind North America, hindering its growth.
- They should embrace securitization and private capital like the US.
US Economic Outlook
- The US remains a strong investment destination despite rising rates.
- The current environment presents a unique situation with macro and rates.