Apollo Global Management Inc. has delivered an impressive performance, surpassing Wall Street projections with a notable profit increase, driven primarily by the impact of rising interest rates on its burgeoning credit and insurance segments.
![Apollo Global Management expands investment portfolio with $2 billion second fund. PHOTO: Jeenah Moon/Bloomberg](https://krugmaninsights.com/wp-content/uploads/2024/01/1x-1-9-1024x683.webp)
In a recent announcement, the New York-based firm revealed its adjusted net income had climbed by 31% to $1.18 billion,