Apollo Global Mgmt Inc Stock Price, News & Analysis

Total Operations and Production Services (TOPS) announced the retirement of Founder and CEO L.D. Green, who will transition to Chairman of the Board. Brian Green, previously Chief Operating Officer, will succeed him. Under L.D. Green’s leadership since 1996, TOPS has become a leader in environmentally friendly, electric-drive compressors in the Permian Basin, aiding in emissions reductions. Brian Green expressed enthusiasm for continuing TOPS' growth amid increasing demand for its services. Apollo's Scott Browning praised TOPS' performance and Brian's role in its growth.

Apollo (NYSE: APO) will announce its financial results for Q4 and full year 2022 on February 9, 2023, before NYSE trading opens. A management webcast is scheduled for 8:30 am ET to discuss these results, available on Apollo's Investor Relations website. Apollo is a leading alternative asset manager with approximately $523 billion in assets under management as of September 30, 2022. The company focuses on diverse strategies including yield, hybrid, and equity investments to help clients achieve financial success.

Apollo Global Management (NYSE: APO) has appointed Tatsuo Tanaka as Japan Chair, enhancing its growth strategy in the Japanese market. Tanaka brings over 50 years of banking experience, previously serving in senior roles at major institutions like MUFG Bank and Citigroup Japan. This appointment aims to address the demand for fixed income replacement and alternative investments in Japan. Earlier, Apollo secured a $1.5 billion commitment from Sumitomo Mitsui Trust Holdings to invest in alternative assets, highlighting its focus on expanding asset management and retirement services in the region.

Apollo has announced a significant investment in WEC Energy Group by acquiring approximately $200 million of senior secured notes from its subsidiary, WEC Infrastructure Wind Holding II LLC. These funds will support the Tatanka Ridge and Jayhawk wind farms, which generate a total of 340 megawatts of renewable energy under long-term Power Purchase Agreements (PPAs). This investment aligns with Apollo's commitment to sustainability and its strategy in private fixed income assets.

Shutterfly has revealed its annual holiday survey results, highlighting consumer trends amid rising inflation. Notably, 64% of Americans are worried about holiday budgets. Shutterfly is positioned to offer affordable personalized gifts, with items starting at $2.99 and over 70 items under $25. The survey indicates that 89% of consumers prioritize thoughtful gifts, and 85% find sending holiday cards vital for staying connected. Shutterfly aims to ease holiday stress with various card design options and a secure address mailing service.

Apollo Global Management (NYSE: APO) announced the appointment of Shawn T. Wooden as Partner and Chief Public Pension Strategist within its Institutional Client & Product Solutions group. Wooden, set to retire as Connecticut's State Treasurer in January 2023, will deepen Apollo's connections with public pension plans while enhancing product offerings. Apollo values public pension funds as key partners, expecting Wooden's extensive experience and relationships to contribute significantly to tailored investment solutions. As of September 30, 2022, Apollo managed approximately $523 billion in assets.

Apollo (NYSE: APO) will feature CEO Marc Rowan in an analyst-led fireside chat at the Goldman Sachs US Financial Services Conference on December 7, 2022, at 8:40 am ET. This event will provide insights into Apollo's strategic direction and financial services. Interested parties can access a live webcast on the Stockholders section of Apollo's website, with a replay available shortly after for those who cannot attend live. Apollo has approximately $523 billion in assets under management, focusing on investment strategies such as yield, hybrid, and equity.

Figure Technologies has partnered with Apollo (NYSE: APO) and Hamilton Lane (NASDAQ: HLNE) to launch digitally native investment vehicles via Figure's Digital Fund Services (DFS). This platform utilizes the Provenance Blockchain to enhance private market investing through improved accessibility, liquidity, and operational efficiency. Key features include on-chain fund subscriptions, Universal Passporting for KYC credentials, and an alternative trading system for secondary transactions. Figure aims to work with more industry leaders to harness blockchain's potential in financial services.

Apollo has completed the acquisition of Tenneco, a major player in automotive products, for $20 per share, making Tenneco a privately held firm. Jim Voss has been appointed as the new CEO. Tenneco reported $18 billion in annual revenue and operates over 260 facilities globally with approximately 71,000 employees. Apollo aims to enhance Tenneco's growth through strategic investments. Following this acquisition, Tenneco's shares will no longer be traded on the NYSE.