12 stories found
Billionaire Leon Black was subpoenaed by a House committee during a closed-door interview regarding his ties to Jeffrey Epstein, leading him to walk out and decry the move as a "political stunt." Black claims Epstein duped him out of over $60 million.
Financial experts and CEOs are expressing growing concerns over potential market shocks, geopolitical risks, and the possibility of an AI-driven bubble bust. Warnings include the threat of stagflation and advice on navigating a volatile economic landscape.
Apollo CEO Marc Rowan has issued a warning about an elevated risk of unexpected market shocks, stating he is positioning the firm defensively for an anticipated correction. He also criticized "egregious" practices at rival insurers.
The CEO of Apollo has commented on a potential shakeout in the private-credit market, highlighting concerns or changes within the sector.
Former Apollo CEO Leon Black testified that Jeffrey Epstein misled him into paying more than $60 million in advisory fees, citing false claims of tax deductions.
Lawyers for a millionaire, a former Apollo CEO accused of assaulting a teenager at Epstein's home, reportedly contacted a judge to challenge the alleged victim's claims. This revelation comes from a Guardian investigation.
Marc Rowan, CEO of Apollo Global, issued strong criticism towards lenders struggling to meet redemption requests in the private credit market, amidst growing fears in the sector.
Apollo CEO Marc Rowan, Ares CEO Michael Arougheti, and Blackstone President Jon Gray PATRICK T. FALLON/AFP via Getty Images/ Mike Blake/REUTERS/ Vernon Yuen for NurPhoto via Getty Images The software-apocalypse is hitting private credit, putting the biggest players on defense. Following concerns over Blue Owl's software exposure, other leaders are talking up their portfolios. Execs like Marc Rowan and Jon Gray defended their portfolios against software risk this week. Months of concern over...
Marc Rowan, the chief executive of private capital group Apollo, is facing accusations from unions that he misused company email and staff for political lobbying activities. The allegations suggest an improper use of corporate resources for personal political work.
Marc Rowan, CEO of Apollo, stated that AI will lead to an "ascendancy" for blue-collar jobs and "stress" for white-collar jobs, also noting opportunities and "succession risk" within private equity.
Apollo CEO Marc Zelter has downplayed concerns surrounding the private credit market, characterizing them as merely 'growing pains'.
Marc Rowan PATRICK T. FALLON/AFP via Getty Images Apollo chief Marc Rowan said that he expects a "shakeout" in private markets. Global instability and technological change will separate a "good risk manager" from the rest, he said. The comments come amid growing concern over risks in private credit investments. Even one of private credit's biggest proponents is warning of a potential industry "shakeout." Marc Rowan, CEO of private credit giant Apollo Global Management, told Bloomberg News e...