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Apollo Global Management affiliates have provided a $307 million construction loan for the Rosewood Residences Hillsboro Beach, a luxury condo project located on Millionaire’s Mile in South Florida. The development will include 92 residences and 11 private boat slips, enhancing the area's upscale offerings.
A group of creditors, including Apollo Global Management Inc. and Monarch Alternative Capital, has initiated confidential discussions with CommScope Holding Co. regarding a potential extension of debt maturities. These talks are conducted under nondisclosure agreements, allowing for the exchange of private information.
Apollo Global Management and Citadel are raising concerns about the risks associated with the growing dominance of passive funds, highlighting hidden costs such as increased volatility and reduced liquidity. Citadel argues that regulators are underestimating the importance of active managers, which hampers their growth. This comes as US exchange-traded funds, a key component of passive investing, see record net inflows of $913 billion this year, pushing total assets beyond $10 trillion amid a strong US stock market.
Kevin Warsh is seen as a strong candidate for Treasury secretary under President-elect Donald Trump, with Mohamed El-Erian stating that Warsh would uphold the Federal Reserve's independence. Other contenders for the position include Marc Rowan, Senator Bill Hagerty, and Scott Bessent, as discussions progress.
President-elect Donald Trump is reportedly considering Kevin Warsh for the position of Treasury secretary, with plans for him to eventually become Federal Reserve chair after Jerome Powell's term ends in 2026. Warsh, a former Fed governor, is among the finalists for the role, alongside Marc Rowan and Scott Bessent. However, Trump is known for changing his decisions, and no final choice has been made yet.
Arab officials express concern over Trump's potential support for Israeli annexation in the West Bank and Gaza, hoping Saudi Arabia can leverage its relationship with him to moderate his stance. Meanwhile, Marc Rowan emerges as a leading candidate for Treasury secretary, with significant backing from Wall Street. As the region braces for a pro-Israel agenda, Lebanese officials are cautiously optimistic about the influence of Massad Boulos, a family connection to Trump.
Marc Rowan, CEO of Apollo Global Management Inc., may be considered for the role of US Treasury secretary, potentially marking a new leadership era for the firm he co-founded. Under his guidance, Apollo has evolved from a distressed-debt investor to a leading lending powerhouse, with assets rising to $733 billion and stock prices tripling since the departure of co-founders Leon Black and Josh Harris.
President-elect Donald Trump is intensifying his search for a Treasury secretary, with interviews scheduled for Wednesday with former Federal Reserve Governor Kevin Warsh and Apollo Global Management"s Marc Rowan. Additionally, US Senator Bill Hagerty, a potential cabinet candidate, spent Tuesday with Trump, traveling on his plane to a SpaceX rocket launch in Texas.
At a recent dinner hosted by Morgan Stanley in New York, top bankers discussed the significant financial opportunities arising from the surge in artificial intelligence investments. Notable private capital firms, including Apollo Global Management, Blackstone, and KKR, were present, highlighting their growing competition with traditional Wall Street banks in corporate finance.
Apollo Global Management, a private equity firm, focuses on investments across private and public markets, including buyouts, distressed assets, and corporate restructuring. Recently, analysts have given the stock a "Moderate Buy" rating, with a consensus target price of $150.83, while institutional investors hold 77.06% of its shares.
Apollo Global Management, Inc.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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