Apollo’s Zito Calls Credit Safer Bet in High-Volatility Times

Apollo Global Management Inc.’s John Zito argued private credit is the safer place for investors to be even as the rise of artificial intelligence is dramatically shifting the environment for “the whole ecosystem of investing.”

“Everyone is acknowledging” that we’re going to be in a higher-volatility regime, Zito, co-president of Apollo Asset Management, said in an interview Monday with Bloomberg TV on the sidelines of the Milken Institute Global Conference in Beverly Hills.