Athene Helped Stabilize U.K. Government Bond Market: Apollo Executives

November 8, 2022 by Allison Bell

Capital from Athene Holding helped Apollo Global Management stabilize the United Kingdom’s government bond market in October, company executives told securities analysts Wednesday.

Scott Kleinman, the New York-based investment company’s co-president, said Apollo spent $1.1 billion to buy about one-third of the assets pension funds and other institutional investors sold last month to come up with the collateral needed to back “liability-driven investment” strategies during a time of intense market volatility.

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Originally Posted at ThinkAdvisor on November 2, 2022 by Allison Bell.