Bloomberg Surveillance
Bloomberg Surveillance: Apollo's Jim Zelter
Feb 13, 2024
Jim Zelter, Co-president of Apollo Global Management, discusses Apollo's recent earnings, pockets of stress in the US economy, and his views on the Fed's decisions. Topics also include the competitive nature of the banking and asset management industry, the strength of the US economy, market structure issues, and implications for companies raising capital and credit stress.
09:03
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Quick takeaways
- Apollo Global Management reported strong profit growth driven by risk-adjusted investor performance and asset gathering capabilities.
- Apollo recognizes the competition in the industry and highlights the symbiotic relationship between financial institutions.
Deep dives
Apollo Global Management's Record Profit in 2023
Apollo Global Management reported more profit last year than the previous decade, driven by its strong risk-adjusted investor performance and asset gathering capabilities.
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