阿波罗全球管理公司发布2026年增长指引，资产管理规模持续扩张

Financial Performance - Apollo Global Management expects a revenue growth of over 20% related to expenses for 2026, with a target of $85 billion in Athene inflows and a projected 10% increase in spread-related income, reflecting confidence in wealth, insurance, and institutional market expansion [1] Strategic Adjustments - Since the end of 2025, Apollo's management has emphasized a defensive posture by increasing cash reserves, reducing leveraged loan exposure (halving CLO exposure to $20 billion), and decreasing investments in high-risk assets to address potential market volatility and macroeconomic pressures [2] Business Status - The company's assets under management (AUM) reached $938 billion in Q4 2025, representing a 25% year-over-year growth, with a continued focus on global expansion and specific ecosystem strategies, potentially enhancing influence through mergers or market penetration [3] Industry Environment - The upcoming APEC 2026 meeting and other international events may impact global capital flows and policy coordination, necessitating Apollo's attention to opportunities or challenges arising from trade, digital economy, and green transition issues as an alternative asset management company [4]