Athene Jumps After IPO Raises $1.08B

The video discusses Athene's experienced management team, led by Jim Belardi, and their strategic entry into the fixed annuity and RMBS markets. It highlights Apollo's growth strategy, including the hiring of Gary Parr, a prominent financial mind, to enhance their operations. The video also explores Parr's career achievements and his potential impact on Apollo's future.

What was a key factor in Athene's success in the fixed annuity market?

• Avoiding any involvement in the annuity market

• Entering the market when everyone else was joining

• Entering the market when everyone else was exiting

• Focusing solely on RMBS investments

What strategic advantage does Apollo gain from its relationship with Athene?

• A monopoly in the insurance market

• Exclusive rights to RMBS investments

• A permanent capital pool

• Access to short-term capital

Why is the hiring of Gary Parr considered a significant move for Apollo?

• He is known for his expertise in short-term investments

• He was a competitor to Apollo in the past

• He has no prior experience in finance

• He brings extensive financial and strategic expertise

What role did Gary Parr play in the sale of Bear Stearns?

• He was not involved in the sale

• He opposed the sale

• He helped facilitate the sale to JPMorgan

• He was the CEO of Bear Stearns

What entrepreneurial venture did Gary Parr undertake?

• He founded a tech startup

• He invested in Fox Pitt Kelton

• He started a new insurance company

• He launched a real estate firm