Of the 133 stocks on Barchart.com’s 52-week high list, Apollo Global Management (APO) has the second-most 52-week highs over the past year with 67. Its shares are up nearly 81% over this time.
Although the alternative asset manager works with asset classes other than private equity, the stock’s strength suggests that the private equity industry isn’t doing as badly as people might think. Higher interest rates don’t have to be the death knell for private equity businesses.
