Latest news with #ApolloGlobal
CNBC
4 hours ago
- Business
- CNBC
Private equity stocks to buy on the dip, and finding buying opportunities in small caps
(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) Investors on Thursday are looking at alternative asset manager names as potential rebound plays, along with small-cap stocks. Another investor is looking at how to play the quantum computing space. Worldwide Exchange picks: Apollo Global and Blackstone Storm Uru of LionTrust Asset Management sees upside in alternative asset managers Apollo Global and Blackstone that are both more than 30% off their 52-week high. "The long term structural case for these companies is really exceptional," Uru said. "We need long term structural build out both in compute and the data center." "We know over the next 10 years a significant amount of capital is needed to build out these assets. Apollo and Blackstone are going to be the companies that enable this build out. There has been a pull back over the last 3 months from a stock price perspective that gives us the ability to make investments in these particular companies," Uru said. Worldwide Exchange pick: small caps Greg Tuorto of Goldman Sachs sees continued upside for the Russell 2000 , which has been higher for eight of the past nine weeks but is still underperforming the S & P 500 in 2025. "It's been a sum of all fears for everything, the economy, tariffs, everything that you worry about have really found a home in small caps," said Tuorto. However he added, that trend is changing. "We are starting to see money flow back in… and technicians are calling for a more sustained move from here." Tuorto's top picks in the space include: Ollie's Bargain Outlet , Shake Shack and Piper Sandler . Robert Smith on Quantum Computing Vista Equity Partners CEO Robert Smith said quantum computing will become increasingly important as software become more agentic. "When you create agents, one user now goes to multiple agents … you have now increased the surface area of attack as a user we have to protect you from cyber attack," Smith said. "With agents you have a multiplicity of surface area for attack vectors. Quantum encryption will become … a very unique way in which we can protect our agents." "In some cases in an environment in a virtual machine, in other cases it's going to protect specific and individual agents in the environment in which they operate. Those are the two phases we are already working on today with very specific partners. How to use quantum computing as a protecting agent for our agents," he added.
Time of India
7 days ago
- Business
- Time of India
Reliance Industries, Aramco among suitors for Castrol business
Photo/Agencies BP's Castrol lubricant business is attracting interest from energy companies including Reliance Industries and buyout firms, such as Apollo Global and Lone Star Funds, people with knowledge of the matter said. BP has sent out initial information to other potential bidders for the unit, including Brookfield Asset Management and Stonepeak Partners, the people said. The business could fetch $8-10 billion. The suitors would join Saudi Aramco in considering bids for all or part of the business. The process is still in the early stages, with initial bids expected in several weeks, so price and outcome remain open.. Some suitors could team up as well. Representatives for BP, Apollo, Lone Star, Brookfield and Stonepeak declined to comment, while a spokesperson for Reliance wasn't immediately available for comment. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Yahoo
28-05-2025
- Business
- Yahoo
State Street, Apollo to Launch 2nd Public-Private ETF
Ladies and gentlemen, State Street may have just done it again. The leading asset manager filed to launch a second exchange-traded fund that would give investors exposure to both private and public investments in a single vehicle — something that had never been done until just a few months ago. The SPDR SSGA Short Duration IG Public & Private Credit ETF is expected to allocate at least 80% of the fund's net assets in a portfolio of investment-grade debt securities, and typically anywhere from 10% to 35% in private credit, according to a filing on Friday. It will mark the second such fund from the powerhouse partnership between State Street and Apollo Global as a laundry list of firms try to open up private credit to Main Street investors. 'An ETF with a short-duration profile makes sense,' said Jason Kephart, a senior principal at Morningstar. 'It's easy to slice-and-dice based on maturities.' This story was originally published on The Daily Upside. To receive exclusive news and analysis of the rapidly evolving ETF landscape, built for advisors and capital allocators, subscribe to our free ETF Upside newsletter. States Street's Short Duration IG Public & Private Credit ETF will invest in a 'wide range' of private credit, like instruments that are directly originated, issued in private offerings or to private companies, and even by non-bank lenders, according to the release. What stands out about the filing — and differentiates it from the company's first public-private ETF launch PRIV in February — is the duration. Bond products, and credit, generally have short, intermediate and long-term varieties that give investors time-period options to lock up their money. Short-duration products, in particular, are attractive to investors dealing with less stable businesses, Kephart said. 'Investors that want to lend to riskier companies can get their money back faster — and that probably does have some appeal to people,' he said. While details are still emerging, the filing revealed: The product may invest up to 20% of its net assets in high-yield securities, known as 'junk' bonds, according to the filing. The ETF may also use derivative instruments, like futures contracts, swaps, and options, to hedge currency exposure and manage yield. Fees and a ticker for the fund were not disclosed. 'For regulatory reasons, we cannot discuss funds that are pending SEC review,' said a State Street spokesperson. 'We are in a quiet period.' What Gives? State Street's PRIV, the OG of public-private ETFs, launched in late February, but has pulled in just $55 million in assets since, leaving some experts to worry about investor demand for the new products. Just $5 million in assets flowed into the fund in the first two weeks, and new investments have now almost completely dried up. 'Are financial advisors as excited about getting private assets into client portfolios as asset managers are about selling them?' Kephart said. 'We don't really know as of yet.' Some advisors have voiced concern that private asset managers may be looking to offload junk assets. They're also worried about liquidity, and if the interests of asset managers selling the products are actually aligned with those of their clients. 'It's a way to stand out,' Kephart said. 'If it's in the best interest of investors, it's fair to say … maybe.' The post State Street, Apollo to Launch 2nd Public-Private ETF appeared first on The Daily Upside. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
08-05-2025
- Business
- Reuters
Apollo-backed Aspen Insurance valued at $3 billion as shares jump in NYSE return
May 8 (Reuters) - Shares of Aspen Insurance (AHL.N), opens new tab rose 10.8% above the offer price in their New York Stock Exchange return on Thursday, valuing the Bermuda-based specialty insurer at $3.05 billion. Its shares opened at $33.25 apiece, compared with the offer price of $30. Parent Apollo Global (APO.N), opens new tab raised $397.5 million by selling 13.25 million shares, 20.5% more than initially offered. Aspen is the biggest U.S. insurance listing since Corebridge Financial's (CRBG.N), opens new tab $1.68 billion IPO in 2022, according to Dealogic data.
CNBC
05-05-2025
- Business
- CNBC
Watch CNBC's full interview with Apollo Global CEO Marc Rowan
Apollo Global CEO Marc Rowan sits down with CNBC's David Faber at the 2025 Milken Institute Global Conference to discuss outlooks on trade, whether U.S. exceptionalism can continue, and more.
