What's Next for Apollo Global Management?

The video discusses significant changes at Apollo, with Leon Black stepping down as CEO and chairman, and the implications for shareholders. It also covers the ongoing impact of Black's association with Jeffrey Epstein. Additionally, the video explores BlackRock's strategy in lowering ETF fees to remain competitive in the market.

What was surprising about Leon Black's resignation from Apollo?

• He resigned as CEO but remained chairman.

• He resigned both as CEO and chairman unexpectedly.

• He resigned only after a year in the position.

• He resigned as chairman but remained CEO.

What is the main concern for investors regarding Apollo's merger with Athene?

• The merger will decrease Apollo's share value.

• The merger's impact on private equity value is unclear.

• The merger will lead to a change in Apollo's management.

• The merger will increase Apollo's debt significantly.

How did Leon Black's association with Jeffrey Epstein affect Apollo?

• It created a reputational cloud over Apollo.

• It resulted in legal action against Apollo.

• It led to a significant drop in Apollo's stock price.

• It caused a major restructuring of Apollo's management.

What strategy is BlackRock using to compete in the ETF market?

• Focusing on active management over ETFs.

• Increasing the fees on their ETFs.

• Merging with other financial firms.

• Lowering ETF fees to compete with Vanguard.

What challenge does BlackRock face despite having a large AUM?

• Growing revenue in a competitive fee environment.

• Reducing the number of active management funds.

• Expanding into new international markets.

• Increasing the number of ETFs offered.