Apollo Global Management (APO) Expands Daily Pricing, Is The Stock Below Fair Value?

Apollo Global Management (APO) has rolled out Daily Pricing across its roughly US$850b credit platform, expanding an earlier July initiative and providing more frequent transparency for investors in a range of private credit vehicles. The Daily Pricing rollout lands after a tougher stretch for Apollo Global Management’s shares, with the stock down 13.17% on a 1 month share price return and 22.01% on a year to date share price return. The 5 year total shareholder return of 98.09% still shows a...