Apollo’s Cornell, Client Coverage Head, Leaves After Four Years

Apollo's CEO said active managers are finding it harder to beat public-market indexes while it is easier for investors to find alpha in private markets. The remark signals potential continued investor shifts toward private assets for alpha and ongoing pressure on flows into active public strategies.

Analysis

Apollo's CEO said active managers are finding it harder to beat public-market indexes while it is easier for investors to find alpha in private markets. The remark signals potential continued investor shifts toward private assets for alpha and ongoing pressure on flows into active public strategies.