APO · Apollo Global Management
AI read · Neutral
The AI's read
The weak returns matter because Apollo has used an 11% return assumption, but actual results have stayed below it for nearly 5 years. The company linked much of the gap to a few Athene investments and Athora. Record fee-related earnings and a report that Mumbai staff can handle 50% more work point the other way. But Apollo says it does not know which AI businesses will earn returns, and plans $350 million in technology spending over 24 months.