Apollo CEO Marc Rowan discusses the future of private credit, his view on current presidential candidates, and campus antisemitism at his alma mater. He explores liquidity as a risk in private credit, the role of credit in investor marketplace, and the culture of anti-Semitism. Additionally, he talks about faculty resentment, election disappointment, and challenges faced by the US.
AI requires reliable and trusted data to produce trustworthy results and improve productivity.
Private markets are gaining momentum over public markets due to increased correlation and indexing, offering better risk mitigation and historical performance.
Deep dives
The Power of AI and the Importance of Trusted Data
AI has the potential to automate tasks, but to ensure trustworthy results, it is crucial to use reliable and trusted data. The right AI for businesses is introduced through Watson X, a platform that customizes AI to meet specific needs by utilizing trusted data. With Watson X, businesses can train, tune, and deploy AI, enhancing productivity and effectiveness.
Parental Approval for Teen App Downloads
Instagram recognizes the importance of parental involvement in determining appropriate apps for teenagers. In an effort to promote safety and ensure parental consent, Instagram plans to collaborate with Congress to pass a regulation requiring parental approval for teens under 16 when downloading apps.
The Shift from Public to Private Markets and Assessing Risks
Private markets are gaining momentum over public markets due to the challenging nature of the latter. The speaker highlights the increased correlation and indexing in public markets, making it difficult to achieve alpha performance. By shifting towards private markets, investors can better mitigate risks, such as funding risk and poor quality asset accumulation. The speaker also mentions that private equity, despite being a risk-taking activity, has historically proven to be a sound asset class, acknowledging that certain markets may yield losses.
Apollo CEO Marc Rowan discusses the future of private credit, his view on the current field of presidential candidates, and campus antisemitism at his alma mater Penn. He speaks with Bloomberg's Tom Keene, Jonathan Ferro & Lisa Abramowicz.