Apollo Global Management CEO Marc Rowan predicts a surge in collaborations between alternative asset managers and traditional firms, leading to a shift in the investment landscape. He anticipates large private capital companies distributing investments to traditional asset managers seeking to increase client exposure to unlisted assets. Rowan cites BlackRock's recent acquisitions as a catalyst for this trend, emphasizing the need for traditional investment groups to offer private funds and converge public and private portfolios.
Apollo Global Management chief executive Marc Rowan says a wave of partnerships between alternative and big asset managers will shake up Wall Street . Rowan predicted that large private capital companies would increasingly distribute their investments, such as corporate buyouts, to traditional asset managers that had prioritised raising their clients’ exposure to unlisted assets.
Those efforts come as fees on public funds fall and investors increasingly view public stock and bond portfolios as commodity products. “Our industry and our firm will be a supplier of products similar to traditional asset managers as they seek to make their products more competitive given the incredible amount of indexation and correlation,” said Rowan.
Finance Wall Street Partnerships Alternative Asset Management Private Capital Traditional Asset Management
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