Apollo to offer daily pricing for credit assets
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Investing.com -- Apollo Global Management Inc. announced Wednesday it will provide daily pricing for all of its investment-grade corporate fixed-income, direct-lending and asset-backed finance assets.
The firm, which manages more than $1 trillion in assets, made the announcement during its first-quarter earnings call. Apollo aims to eventually provide both daily net asset values and third-party valuations over time.
"That essentially means the totality of our credit business will be 100% daily pricing," said Apollo Chief Executive Officer Marc Rowan during the earnings call with analysts.
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