Apollo Global Management, Inc. (NYSE:APO) Q4 2022 Earnings Call Transcript

Jim Zelter: Well, certainly, as we’ve talked about what we’re doing on AAA, Apollo Aligned Alternatives, we think, as Marc has been public saying, we think that could be the largest flagship vehicle of our firm over the next several years. Certainly what we’re doing with some of the insurance products and what we’re doing with the Apollo Altitude, we think those are a bit, I use the term groundbreaking, but we think they’re providing incredible value. And they’re somewhat unmatched in terms of the attributes. That being said, there’s been some noise about some other folks out there having some redemptions. First of all, I think they’re doing the right thing by the discipline that they’re engaging in, in terms of making sure people don’t think that the incremental yield comes without a cost.

But that being said, this is a mere hiccup in a long successful transition and journey, and we’re happy to be part of that transition. But no doubt, it’s not just about you have to have multiple resources to create all those things we talked about. We’ve launched this Apollo Academy, which is a broad, broad education set available to those channels. And the take up on that has been extraordinary. So it’s not only product creation, execution returns, but also technology applications as well as education.

Operator: Thank you. Ladies and gentlemen, we have reached the allotted time for questions for today’s event. I will now turn the floor back over to Mr. Gunn for closing comments.

Noah Gunn: Great. Thanks again, Donna. And thank you everyone for your time and attention this morning. I appreciate your continued interest in Apollo. And if you have any follow-up questions on what we discussed on today’s call, please feel free to reach out. We look forward to speaking with you again next quarter.

Operator: Ladies and gentlemen, thank you for your participation. You may disconnect your lines or log off the webcast at this time, and enjoy the rest of your day.