News Digest:

Apollo Global Management’s Athene arm would roll out later this year an insurance-wrapped alternative investment product aimed at wealthy individuals, it has emerged.

Takeaway:

The offering will be structured as a variable annuity with no guaranteed return on invested capital, and would allow individual investors to buy into some of Apollo’s private funds, sources said.

End Notes

Source: https://www.wsj.com/articles/apollo-outlines-annuity-based-alternative-investment-for-wealthy-investors-11655159581