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  "documentTitle": "Apollo Global Management | Investor Presentation Deck | 37 slides",
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  "notes": "Uses a before-after framing to justify the shift toward alternative assets.",
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      "text": "\"Fixed Income Replacement\" is the Next Frontier in the Evolution of Investor Allocations Given the 'Alpha' Private Markets Can Offer",
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      "text": "Note: Reflects the view and opinions of Apollo.",
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      "text": "60/40 EQUITY/FIXED INCOME MODEL PORTFOLIO IS A THING OF THE PAST AND WE EXPECT INVESTOR ALLOCATIONS TO CONTINUE TO EVOLVE",
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