Fed Has Loaded Gun for Challenging Economy, Says Zelter bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
The Federal Reserve building. Getty Images The Fed has a "loaded gun" it can use if the Goldilocks economy worsens, Apollo Asset Management's co-president…
Fed Could Use Loaded Gun to Aid Economy, Apollo s Zelter Says bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.
With traditional lenders retrenching, alternative asset managers like Apollo Global Management are accelerating their efforts to fill the vacuum to position themselves as an alternative to the traditional banking system — offering corporates as well large PE funds who are saddled with big bets in their portfolios bought at higher prices — with loans and financing. Apollos private credit unit now manages more than $400 billion in AUM, four times the size of its buyout arm which historically was the lynchpin of its business.