(HedgeCo.Net) Apollo Global Management’s fourth-quarter results did more than clear the bar—they reinforced a strategic reality that has quietly become the most important story inside large alternative asset managers: the center of gravity has shifted from episodic private-equity realizations to repeatable, high-velocity credit origination and retirement-driven balance-sheet scale. In a quarter when market narratives were dominated by AI-linked volatility and renewed anxiety around software expo...
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