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Apollo Joins Competitors With New Funds And Plans For Push Into The Retail Market

TedTed
in The Bullpen
FYI: Like many of its peers, Apollo Global Management is focusing on attracting capital from smaller investors. To this end, the firm is teaming with Ivy Investment Management to launch a pair of alternative income mutual funds: The Ivy Apollo Strategic Income Fund and the Ivy Apollo Multi-Asset Income Fund. Both funds will allocate around 20% of their assets to a total return strategy run by Apollo, according to a July 17 SEC filing.
Regards,
Ted
http://dailyalts.com/apollo-joins-competitors-new-funds-plans-push-retail-market/
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