BX - Blackstone's Results Confirm Apollo Is A Better Alternative
2024-04-25 08:25:46 ET
Summary
- Blackstone reported earnings, providing insight into fundraising and first quarter performance in various asset management segments.
- Apollo operates in two segments, private credit and insurance, which are currently doing well and are expected to grow.
- I expect APO stock to post solid Q1 numbers, and the stock remains my #1 asset manager pick.
Dear readers,
Blackstone ( BX ) is an alternative asset manager which needs little introduction. Apollo Global Management ( APO ), on the other hand, remains an under the radar asset manager, despite having over $600 Billion in assets under management and a very favorable asset allocation strategy for today's environment....
Blackstone's Results Confirm Apollo Is A Better Alternative