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Apollo Q1 valuations hit as coronavirus outbreak takes its toll

May 04, 2020 - SNL Financial
Financial Results

The alternative asset manager's private equity strategy depreciated 21.6% in the first quarter, CFO Martin Kelly said during the company's earnings call.

Apollo Global Management Inc. is the latest listed alternative asset manager to announce a hit to valuations as the coronavirus pandemic continues to take its toll.

The company's private equity strategy depreciated 21.6% in the first quarter, CFO Martin Kelly said during its first-quarter earnings call, adding its energy exposure in...