Investors are hoping to tap into a growing trend in financial services — the migration of capital into private markets from public.
Alternative asset managers such as KKR and Apollo Global Management are attracting the attention of investors hoping to tap into a growing trend in financial services — the migration of capital into private markets from public. Traditionally, these strategies have faced a stiff barrier to entry, including high fees and lengthy lockup periods when capital can't be withdrawn.
KKR and Apollo, noth added to the S & P 500 in 2024, surged more than 75% each. Even after those gains, investors are still optimistic on the long-term story for alternative managers, citing robust earnings growth forecasts. John Belton, a portfolio manager at Gabelli Funds, likes KKR, a holding in the Gabelli Growth Fund , which has 1.8% of its assets in the stock as of November, according to Morningstar.
Wall Street Business Markets Stock Markets KKR & Co Inc Apollo Global Management Inc Ares Management Corp Rational Dynamic Brands Fund Institutional Class Gabelli Growth Fund Class AAA TPG Inc Owl Rock Capital Corp Carlyle Group Inc Blackstone Inc Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian Investors Watch Japan Trade Data Ahead of Bank of Japan Rate DecisionAsian investors will be closely watching Japan's trade data, released later today, ahead of the Bank of Japan's rate decision this week. Meanwhile, the Dow Jones Industrial Average continues its nine-day losing streak, the longest since 1978, while other market indices like the S&P 500 and Nasdaq remain strong.
Read more »
Pharma Giant Leads Stoxx 600 Gains as Investors Watch China Economic DataA Danish pharmaceutical company topped the Stoxx 600 index on Friday, marking a continued recovery from a recent selloff. Other notable gains included Norwegian energy company Vaar Energi and Swedish online gambling firm Evolution. Meanwhile, investors closely followed Chinese economic data, including industrial profits and inflation figures.
Read more »
Undermanned Raptors Take on Heat: Where to Watch, What to Watch For, & MoreThe Toronto Raptors will true to make do without Scottie Barnes as they take on the Miami Heat: Where to watch, what to watch for, and more
Read more »
How to Watch Billboard Music Awards Live For Free 2024: Where to WatchThe BBMAs is here and you don't want to miss out watching it live to see performances by Stray Kids, SEVENTEEN, Coldplay, Shaboozey, Jelly Roll, and Tyla.
Read more »
Raptors Return Home to Host Bulls: Where to Watch, What to Watch For, & MoreThe Toronto Raptors will play host to the Chicago Bulls on Monday night: Where to watch, what to watch for, and more
Read more »
How To Watch Kansas State-Wichita State, Lineups, Preview, Stats To WatchThe Wildcats head to Wichita Saturday night.
Read more »