From what I understand, Apollo have very strong connections/clients who are responsible for very large institutional mandates.
Modern portfolio theory today will have you place 10% of your portfolio in the asset class of 'Alternative Assets'.
Apollo did not have an offering in this space. Now it can financially benefit from its holding in just such a solution....as will all the shareholders of HFA.
This marriage has been a long time in the making. I believe we will see a number of interesting deals in quick succession take the FUM to a very large number.
Kiril.
I hold.
From what I understand, Apollo have very strong...
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$1.70 |
Change
-0.005(0.29%) |
Mkt cap ! $833.1M | |||
| Open | High | Low | Value | Volume |
| $1.71 | $1.72 | $1.65 | $348.3K | 206.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1273 | $1.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.71 | 1273 | 2 |
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