Apollo's Drescher on Retail Market Push, Diversification

The video discusses Apollo's strategic priority to provide broader access to alternative investments, emphasizing the importance of diversification in volatile markets. It highlights the evolution of private equity, the need for market education, and the challenges of the traditional 60/40 investment model. Apollo's client base includes ultra-high-net-worth individuals, private banks, and family offices, with a focus on global expansion. The video also addresses competition and the attractiveness of diversification in uncertain economic conditions.

What is Apollo's strategic priority in terms of investment access?

• To avoid diversification in investment portfolios

• To limit access to high-risk investments

• To provide broader access to families and individuals

• To focus solely on institutional investors

Why was private equity originally limited to big money players?

• Due to high transaction costs

• Because of risk capacity and awareness

• Regulatory restrictions

• Lack of interest from smaller investors

What challenge does the 60/40 investment model face according to the transcript?

• It is not diversified enough

• It offers too high returns

• It has been challenged by market volatility

• It is too complex for most investors

Which types of clients are part of Apollo's wealth business?

• Only institutional investors

• Ultra-high-net-worth individuals and family offices

• Small retail investors

• Government agencies

How does Apollo view the current economic environment for rolling out new investment products?

• As a hindrance to attracting clients

• As an opportunity to demonstrate the need for diversification

• As irrelevant to their strategy

• As a reason to delay new product launches