Apollo is an investment firm known for managing private equity, credit, and other alternative investment strategies for institutional and individual clients.
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Wall Street firms like Apollo, Blackstone, and BlackRock are pushing private credit into retirement accounts, even as critics warn the risky, opaque loans could hurt everyday savers.
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UBS chair Colm Kelleher warned that private credit and loose insurance rules could create systemic risk, and Apollo CEO Marc Rowan pushed back, saying Kelleher was wrong.
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