US Stock Movement | Apollo Global Management falls over 3% pre-market after redemption surge forces restrictions on redemptions from one of its private credit funds

格隆汇2026/03/24 09:03

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格隆汇 March 24｜A certain exchange dropped more than 3% before market open, closing at $107. In terms of news, the giant asset manager is under pressure due to a surge in redemption requests, becoming the latest major firm to adopt restrictive measures for alternative assets. Its $25 billion BDC—Apollo Debt Solutions—limited redemptions to 5% of outstanding shares on Monday, while investors submitted redemption requests for as much as 11.2%. In comparison, earlier this month the same exchange set a 5% redemption cap for its $26 billion unlisted BDC, with investors requesting to redeem 9.3% of shares. The North Haven Private Income Fund under this exchange had a proportionate redemption ratio similar to Apollo.

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Correction on point 4: Nvidia separately invested $2 billion each in Lumentum and Coherent, rather than a combined investment. October 9 – Shares of photonics product manufacturer Lumentum (LITE.O) surged 6.4% in pre-market trading to $1,114.54. According to Bloomberg, the CEO of LITE stated that as tech companies seek faster AI data center infrastructure, the company's optical device orders are fully booked through early 2029. CEO Michael Hurlston said that by 2027, LITE will be unable to fulfill about 70% of demand for certain products, and by 2028, about 30% of demand for other products will still not be met. Lumentum and its peer Coherent (COHR.N) each received a $2 billion investment from the AI leader Nvidia (NVDA.O) earlier this year. COHR shares recently rose 4.9% in pre-market trading. As of Thursday's close, Lumentum shares have gained 184.5% year-to-date.

路透社•2026/10/09 13:47