In this podcast, Nicolai Tangen sits down with Marc Rowan, the CEO of Apollo Global Management. Rowan shares insights into Apollo's impressive growth, which he attributes to their ability to adapt to shifting market conditions and a strong focus on value investing. He critiques the current public market landscape, noting its lack of price discovery and the overwhelming influence of index funds, which complicates active management. Rowan highlights Apollo's investment approach, which prioritizes purchase price and seeks excess returns relative to risk. He also discusses their current strategy of targeting senior positions in the capital structure, given the prevailing market environment. Additionally, he points out long-term concerns related to geopolitical and political risks, particularly the US deficit.
