APO - Baron Funds - Apollo Global: Tightening Bank Capital Requirements A Multi-Trillion Dollar Opportunity
2024-05-10 06:25:00 ET
Summary
- We initiated a new position in Apollo Global Management, Inc.
- CEO and co-Founder Marc Rowan observed the existence of a substantially larger opportunity to offer lower-risk, lower-return alternatives that could still deliver excess return over liquid alternatives.
- Continued tightening of bank capital requirements should provide a multi-year tailwind for Apollo.
The following segment was excerpted from this fund letter.
Apollo Global Management, Inc. ( APO )
During the quarter, we initiated a new position in Apollo Global Management, Inc., one of the world's largest alternative asset managers....
Baron Funds - Apollo Global: Tightening Bank Capital Requirements A Multi-Trillion Dollar Opportunity