Athene Announces Revised Investment Management Arrangements with Apollo Global Management
Athene Holding Ltd. Class A Common Shares (ATH)
Last athene holding ltd. class a common shares earnings: 2/18 07:00 am
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ir.athene.com
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Source: Business Wire
PEMBROKE, Bermuda--(BUSINESS WIRE)-- Athene Holding Ltd. (“Athene”) (NYSE: ATH), a leading provider of retirement savings products, today announced an agreement to amend the terms of certain investment management arrangements with Athene Asset Management LLC (“AAM”), a subsidiary of Apollo Global Management, LLC (together with its consolidated subsidiaries, “Apollo”) (NYSE: APO). The revised arrangements, whose effectiveness is conditioned upon the approval of certain amendments to Athene’s bye-laws by its shareholders in 2019, are being implemented by Athene and Apollo in support of Athene’s ongoing efforts to continue to achieve profitable growth. “Differentiated asset management has been an integral part of our ability to profitably scale Athene to approximately $100 billion of invested assets,” said Jim Belardi, Chief Executive Officer of Athene. “We believe the revised investment management arrangements
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