Apollo Global Management, headquartered in New York City, offers asset management services across three segments: Asset Management, Retirement Services, and Principal Investing, employing 4,879 full-time staff since its IPO in 2011. Athene Holding, part of Apollo, specializes in retirement savings products, including annuities, while the Principal Investing segment focuses on investment income and performance fees.
APO has been in the news recently: Apollo Global Management is involved with Wolfspeed Inc., which is nearing a bankruptcy deal with its lenders, including Apollo. Additionally, Apollo has expressed concerns about inflation due to rising oil prices, which contributed to a 1.8% gain in Chevron's stock amid a 2.6% rise in WTI Oil.
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