Valued at $76.5 billion by market cap, Apollo Global Management, Inc. (APO) is a prominent alternative asset manager. Founded in 1990 and based in New York, Apollo specializes in private credit, private equity, and real assets.
Apollo Asset Management has struggled to keep pace with the broader market, delivering a stark contrast to the recent equity rally. APO stock has plunged 21.5% over the past 52 weeks and 10.6% over the past six months, compared to the S&P 500 Index’s ($SPX) 15% surge and 9.2% rally, respectively.
