Apollo Global Management reported record fee income from its asset management and insurance operations in Q2, although a slower pace of private equity exits weighed on investment gains as challenging market conditions continued to limit asset sales, according to a report by Reuters.
The alternative asset manager posted adjusted net income of $2.11 per share, up 10% year-on-year. While earnings benefited from strong growth in recurring fee streams, realised investment income declined as Apollo de...
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