This week, the world's leading financial institutions were acting like bad roommates. All it took was one multibillion-dollar "cockroach" for everyone to start pointing fingers and assigning blame.Two years ago, Blackstone's President Jon Gray said private credit was in a "golden moment," and it has since become the hottest corner of Wall Street. There have always been private credit critics, but a deluge of digs from industry watchers turned the spotlight back on the so-called shadow lenders, challenging t ...

New York-based Apollo Global Management, Inc. (APO) is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. Valued at $69.1 billion by market cap, the company focuses on investing in yield, hybrid, and equity markets to generate retirement and investment incomes. The private equity giant is expected to announce its fiscal third-quarter earnings for 2025 before the market opens on Tuesday, Nov. 4. Ahead of the event, analysts expe ...

华尔街正在上演一场关于贷款风险的激烈论战。 随着汽车贷款商Tricolor Holdings和汽车零部件供应商First Brands Group的相继倒闭，传统银行与私募股权机构之间的矛盾公开化，双方就谁应为信贷市场动 荡承担责任展开交锋。 摩根大通首席执行官Jamie Dimon警告称"看到一只蟑螂时，可能还有更多"， 暗指1.7万亿美元私募信贷市场存在系统性风险。 这番言论引发私募机构强烈反弹。Blue Owl Capital联席首席执行官Marc Lipschultz反驳称，将私募信贷与这些破产案联系起来是"一种奇怪的制造恐慌行为"， 并暗示银行才应该"看看自家冰箱后面"。 Apollo Global Management首席执行官Marc Rowan也将矛头指向银行， 称两家公司的倒闭是贷款机构多年来追逐高风险借款人的结果。 这场论战凸显了华尔街新旧势力的深层矛盾。近年来企业日益转向私募信贷融资，传统银行将此视为监管套利，抱怨非银行金融机构监管过于宽松。国际货币 基金组织周二呼吁监管机构关注银行对该领域的敞口，指出"银行越来越多地向私募信贷基金放贷，因为这些贷款的净资产回报率往往高于传统商业贷款"。 ...

华尔街正在上演一场关于贷款风险的激烈论战。 随着汽车贷款商Tricolor Holdings和汽车零部件供应商First Brands Group的相继倒闭，传统银行与私募股 权机构之间的矛盾公开化，双方就谁应为信贷市场动荡承担责任展开交锋。 摩根大通首席执行官Jamie Dimon警告称"看到一只蟑螂时，可能还有更多"，暗指1.7万亿美元私募信贷 市场存在系统性风险。 这番言论引发私募机构强烈反弹。Blue Owl Capital联席首席执行官Marc Lipschultz反驳称，将私募信贷 与这些破产案联系起来是"一种奇怪的制造恐慌行为"，并暗示银行才应该"看看自家冰箱后面"。 Apollo Global Management首席执行官Marc Rowan也将矛头指向银行，称两家公司的倒闭是贷款机构多 年来追逐高风险借款人的结果。 这场论战凸显了华尔街新旧势力的深层矛盾。近年来企业日益转向私募信贷融资，传统银行将此视为监 管套利，抱怨非银行金融机构监管过于宽松。国际货币基金组织周二呼吁监管机构关注银行对该领域的 敞口，指出"银行越来越多地向私募信贷基金放贷，因为这些贷款的净资产回报率往往高于传统商业贷 款 ...

Core Insights - Apollo has appointed Mr. Eiji Ueda as Partner and Head of Asia Pacific, succeeding Matt Michelini, who will oversee Ueda's transition before taking on broader responsibilities next year [1][2][3] Company Overview - Apollo is a high-growth global alternative asset manager with approximately $840 billion in assets under management as of June 30, 2025 [4] - The firm focuses on providing clients with excess returns across the risk-reward spectrum, from investment grade credit to private equity [4] Leadership Transition - Eiji Ueda brings extensive investment expertise, having previously served as Chief Investment Officer of Japan's Government Pension Investment Fund and held senior positions at Goldman Sachs [2][3] - Matt Michelini has led Apollo's Asia growth since 2022, expanding the team from 80 to over 150 professionals and establishing core capabilities in various financial solutions [3] Strategic Focus - Apollo aims to address the growing demand for integrated financial solutions in the Asia Pacific region, driven by fundamental shifts in local economies [3] - The firm has originated over $11 billion in the past twelve months, significantly increasing its activity compared to 2020 [3] Market Opportunities - Asia's demographics, savings base, and capital gaps present compelling growth opportunities for Apollo, particularly in wealth and retirement solutions [3]

Market Overview - The stock market is experiencing volatility due to US-China trade tensions, with the Dow gaining approximately 40 points, the S&P 500 up about 0.5%, and the NASDAQ increasing by around 0.7% [2][3][19] - The VIX index has seen a rise, indicating that institutions are interested in hedging against market fluctuations, with a current level of 20.59% [5][6] - Sector performance shows real estate and utilities leading with gains over 1%, while industrials, materials, energy, and financials are underperforming [6][7] US-China Trade Relations - Treasury Secretary Scott Besson and US Trade Representative Jameson Greer criticized China for imposing unacceptable export controls on rare earth minerals, asserting that the US will not allow China to dominate global supply chains [11][12] - Besson warned of potential decoupling from China if these behaviors continue, although he emphasized that this is not the desired outcome [13] - The US is considering extending a 90-day pause on tariffs depending on negotiations in South Korea [14] Economic Indicators - The Fed's Beige Book indicates muted demand for labor, with reports of layoffs and attrition affecting various sectors, including manufacturing and agriculture [15][16] - The unemployment rate has increased to 4.3%, suggesting a deterioration in the labor market, while inflation pressures persist with rising input costs [17][18] - Despite the government shutdown delaying economic data releases, alternative indicators suggest that the economy may be in better shape than previously thought, with a projected GDP growth of around 3% [88][96] Banking Sector Performance - Major banks like Morgan Stanley and Bank of America reported strong earnings, with investment banking revenues up 44% and 43% respectively, indicating robust activity in capital markets [74][81] - The banking sector is benefiting from a favorable environment for mergers and acquisitions, with CEO confidence on the rise [78][80] - Concerns remain regarding credit risks following recent bankruptcies in the auto sector, prompting a reevaluation of exposure to leveraged loans and collateralized loan obligations [70][73] Technology Sector Developments - Nvidia received an upgrade from HSBC, with expectations for continued growth in the AI chip market, raising its target price to $320 [36][37] - Apple announced the launch of its new M5 chip, enhancing AI capabilities across its product line, including the MacBook Pro and iPad Pro [51][52] - The semiconductor trade remains strong, with companies like AMD and Meta also showing positive performance [7][8] Consumer Behavior and Retail Sector - The consumer remains relatively healthy, with low unemployment and decent wage growth, although inflation concerns persist [105] - Retailers are adapting to changing consumer behaviors, with value-oriented stores like Dollar Tree reaffirming their outlook amid ongoing inflation pressures [103][106] - The impact of US-China trade tensions on inventory levels is currently minimal, as companies have already secured their holiday season stock [106]

(Bloomberg) -- On Wall Street, everyone’s a friendly rival until the losses start.A pair of blowups in the credit market have sparked a war of words over whether banks or private credit firms are better positioned to weather a broader downturn.JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon used his bank’s losses from auto lender Tricolor Holdings to say there’s never just one cockroach — a quip some of his nonbank rivals have taken as a shot at them.Blue Owl Capital Inc. boss Marc Lipschultz fired ...

Apollo Global Management submits a bid to take Papa John's private, according to reports. ...

Apollo Global Management has offered a new proposal to acquire pizza chain Papa John’s International private at $64 per share, as reported by Reuters. The situation remains fluid and that no agreement is guaranteed. In June 2025, Apollo put forward a joint bid of just over $60 per share with Irth Capital Management. Several activist investors are also showing interest in the pizza company. Neither Papa John’s nor Apollo Global Management provided a comment to Reuters. The pizza chain has a market capi ...

Apollo Global Management submitted a fresh bid within the last week to take pizza chain Papa John's International private at $64 per share, according to people familiar with the matter. ...