11:58 AM EDT, 09/10/2024 (MT Newswires) -- Apollo Global Management's ( APO ) Apollo Asset Management has 10 products in the semi-liquid category and is "selling about $1 billion a month," a company executive said Tuesday at the Barclays annual financial services conference.

Apollo Asset Management Co-President Scott Kleinman said they have added close to 200 people working partially or full-time in the alternative wealth space in line with the company's objective "to be top three in pretty much every product that we operate in," according to a transcript of the presentation posted by S&P Global Market Intelligence.

"I think the pace of bringing one or two products out every quarter will probably slow down now that we have the products we want now," Kleinman said in the S&P Global transcript. "It is about pushing sell-through and really starting to get these things to scale in a much more meaningful way."

Apollo's shares were down 1.5% in recent trading.

Price: 105.93, Change: -1.66, Percent Change: -1.54