Apollo CEO Rowan warns of market correction, slams ‘egregious’ practices at rival insurers
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Marc Rowan, the CEO of Apollo, has issued a cautionary statement regarding the financial markets, highlighting an increased risk of unforeseen shocks. In light of these concerns, he revealed that the firm is adopting a defensive strategy in anticipation of a potential market correction. Rowan's remarks reflect a growing unease among investors as they navigate a volatile economic landscape, emphasizing the need for preparedness in the face of uncertainty. The warning comes amid ongoing fluctuations in market conditions, prompting Apollo to reassess its investment approach to mitigate risks effectively.
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Apollo CEO Rowan warns of market correction, slams ‘egregious’ practices at rival insurers
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