The IGV software ETF is down 13% in a week. Some of its components including Unity, AppLoving, and Circle have lost more than a quarter of their value in just five sessions. So when does this selling lead to a buying opportunity.Joining us now are Steve Sausnik from Interactive Brokers. He is looking at how retail investors are playing the space and Chenali Bassik from I Capital is here to tell us whether opportunities are starting to emerge. Uh so Chanali, uh part of this is hey, we wanted a broader market ...

Brevan Howard. Hamilton Lane. Apollo. Laser. Now Ondo.Amidst broad institutional adoption of the Sei Network, @jayendra_jog shares why Ondo's USDY is different.From the floor of the @OndoFinance Summit with @FintechTvGlobal ↓ https://t.co/Im5i6ivpuT ...

Core Viewpoint - Shares of private-asset managers, including Ares, Apollo, Blue Owl, and Blackstone, experienced a significant decline on Tuesday [1] Group 1: Company Impact - Ares and Apollo, two major players in the private-asset management sector, saw their stock prices drop sharply [1] - Blue Owl and Blackstone also faced similar declines, indicating a broader trend affecting the private-asset management industry [1] Group 2: Industry Trends - The downturn in share prices reflects growing concerns within the private-asset management industry, potentially signaling shifts in investor sentiment [1] - The decline may impact future fundraising and investment strategies for these firms, as market confidence appears to wane [1]

Financial Data and Key Metrics Changes - Total asset footprint increased to over $1 trillion, representing a 6% year-over-year growth [3] - Assets Under Management (AUM) reached $146 billion, growing by $11 billion or 8% compared to the prior year [4] - Assets Under Administration (AUA) totaled $871 billion, up $50 billion or 6% year-over-year [4] - Year-to-date total management and advisory fees increased by 11% year-over-year [27] - Fee-related revenue for the period was $507 million, reflecting a 31% growth year-over-year [4] - GAAP EPS for the fiscal year-to-date was $4.35, with non-GAAP EPS at $4.41 [5] - Total expenses increased by $40 million or 14% compared to the prior year period [30] Business Line Data and Key Metrics Changes - Fee-earning AUM for specialized funds reached $38.1 billion, growing by $6.9 billion or 22% year-over-year [11] - Customized Separate Accounts fee-earning AUM stood at $41.1 billion, growing by $1.3 billion or 3% over the last 12 months [22] - Evergreen Platform AUM reached over $16 billion, representing over 70% year-over-year growth [19] Market Data and Key Metrics Changes - Total fee-earning AUM grew to $79.1 billion, an increase of $8.1 billion or 11% year-over-year [9] - The international credit Evergreen fund surpassed $2 billion in AUM, with a strong performance and positive net inflows [20] Company Strategy and Development Direction - The partnership with Guardian has officially closed, overseeing nearly $5 billion of Guardian's existing private equity portfolio [7][8] - The company aims to expand its global reach and diversify its platform, focusing on new product lines and deeper client relationships [6] - The Evergreen Platform is seen as a multi-strategy, multi-asset growth engine for the firm over time [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating changing markets and high client expectations, highlighting strong growth and momentum [6] - The exit environment is expected to improve in 2026, with a rationalization occurring between buyers and sellers [38] - Management noted that the company is well-positioned to capitalize on opportunities in the private markets, particularly through the Evergreen Platform [19] Other Important Information - The company declared a dividend of $0.54 per share, maintaining a 10% increase over the previous fiscal year [5] - The unrealized carry balance increased by 15% year-over-year, now standing at approximately $1.5 billion [30] Q&A Session Summary Question: Product roadmap for wealth in calendar 2026 - Management indicated that while new products will be added, the volume will not match the previous year as focus shifts to scaling existing products [34] Question: Software exposure and AI risk - Management noted that their diversified portfolio mitigates concentration risks in software, and they do not see significant issues arising from AI disruptions [36] Question: Exit activity and pathways - Management observed an increase in distribution activity, with a stronger exit environment anticipated in 2026 due to improved buyer-seller equilibrium [38] Question: Opportunities from the Evergreen Platform - Management discussed the evolution of the Evergreen Platform and its potential for partnerships and model portfolios, emphasizing ease of use for institutional investors [39] Question: Institutional investor behavior regarding liquidity - Management clarified that institutional investors are using Evergreen products for portfolio construction rather than exhibiting higher redemption rates [41] Question: Secondary market sentiment and fund size expectations - Management expressed optimism about the secondary market, noting it remains undercapitalized and that they aim to grow their presence in this space [48][50]

Group 1 - Apollo is acquiring a minority stake in The GoodLife Group, which is Canada's largest fitness club operator [1] - The acquisition was confirmed through a statement viewed by Reuters [1]

Apollo's Torsten Slok said there’s a risk of the yen carry trade unwinding, citing recent sharp moves in speculative futures positioning https://t.co/QD8jEvu0Zs ...

Late sex offender Jeffrey Epstein considered buying a private jet from Apollo founder Marc Rowan a decade ago, according to emails released Friday by the US Department of Justice https://t.co/j3acbckD5B ...

Wrexham, the Welsh soccer club controlled by Hollywood stars Ryan Reynolds and Rob McElhenney and backed by Apollo, has been caught up in the collapse of UK currency brokerage Argentex https://t.co/JAH7Bgs2YY ...

RT Sei (@SeiNetwork)BlackRock. Brevan Howard. Apollo. Hamilton Lane. Now Ondo.The leading tokenized assets are converging on Sei. ...

BlackRock. Brevan Howard. Apollo. Hamilton Lane. Now Ondo.The leading tokenized assets are converging on Sei.Sei (@SeiNetwork):Ondo's tokenized U.S. Treasuries are live on Sei 🇺🇸USDY by @OndoFinance is one of the most adopted tokenized Treasury products in the market, with over $1.2B in circulation.Now you can use it on the fastest L1—for lending, collateral, savings, and more. https://t.co/L6cUKzdBns ...