Top 5 Boring Stocks That Make Money

2. Apollo Global Management, Inc. (NYSE:APO)

Apollo Global Management, Inc. (NYSE:APO) is one of the most boring stocks. 

TheFly reported on March 12 that Atlético de Madrid confirmed that Apollo Sports Capital (ASC), a sports-focused investment affiliate of APO, finalized its previously announced investment and became the club’s controlling shareholder. Following the deal, Quantum Pacific Group remains the second-largest investor, while Miguel Ángel Gil, Enrique Cerezo, and Ares funds continue to hold ownership stakes.

Miguel Ángel Gil and Enrique Cerezo will stay in their current leadership roles as CEO and Chairman. The board also approved up to an additional €100 million in equity and strategic capital to help fund future initiatives, including team development and major infrastructure projects tied to Ciudad del Deporte.

Earlier in the week, on March 10, Apollo Global Management, Inc. (NYSE:APO) said it is preparing to launch its first Long-Term Asset Fund in the U.K., the CG Apollo Global Diversified Credit LTAF, after receiving authorization from the Financial Conduct Authority. The fund is structured as a semi-liquid, multi-sector private credit strategy designed for U.K. defined contribution pension plans.

It will provide access to a broadly diversified global credit portfolio with a primary focus on private credit, including private investment-grade debt, large-cap corporate lending, and asset-backed finance. The launch marks a key step in Apollo’s push to expand institutional-style private market retirement solutions for modern pension savers.

Apollo Global Management, Inc. (NYSE:APO) is an alternative asset manager providing private equity, credit, and retirement services solutions to institutional and individual investors.