Apollo Targets Retail Clients via Asset Managers

(Bloomberg) -- Asset managers that reach retail clients have become a new market for private investments, Apollo Global Management Inc. Chief Executive Officer Marc Rowan said.He sees those firms as potentially becoming one of the largest blocs backing private assets — alongside institutions, insurance companies and individuals — with exposure to those investments increasing inside mutual funds, exchange-traded funds and “products of all types” offered to retail clients.“This will allow our industry to reac ...