Apollo Global Management Slips 0.75% Despite $370M Volume Ranks 301st in Daily Equity Turnover

On September 25, 2025, Apollo Global Management (APO) closed at -0.75% despite a trading volume of $370 million, ranking 301st in daily equity turnover. The stock's performance reflects mixed market sentiment amid evolving macroeconomic signals and sector-specific dynamics.

Recent developments highlight Apollo's strategic recalibration in its credit business, with management emphasizing risk mitigation across leveraged loan portfolios. Analysts noted improved capital efficiency metrics in Q3 preliminary reports, though market participants remain cautious about broader credit market volatility. The firm's asset management division reported stable AUM flows, contrasting with underperformance in alternative investment vehicles.

Regulatory scrutiny surrounding private credit fund disclosures has intensified, prompting Apollo to accelerate internal compliance reforms. While these measures are expected to strengthen long-term governance, short-term operational costs may weigh on near-term earnings visibility. The company's recent capital return program announcement failed to generate immediate investor enthusiasm, as market focus remains on sector-wide liquidity concerns.

To run this back-test accurately I’ll need to pin down a few practical details: 1) Universe - Which market(s) should we scan each day for the top-500-by-volume list? 2) Weighting & execution convention - Do you want an equal-weight allocation across the 500 names each day, or another weighting rule? 3) Benchmark - If you’d like the strategy compared with an index (e.g., S&P 500), let me know. Once I have those specifics I can generate the data-retrieval plan and run the back-test.