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  "docSlug": "2477aa4b356265bf96dbfe5c52b802d2",
  "documentTitle": "Apollo Global Management | Results Presentation Deck | 45 slides",
  "authorId": "apollo-global-management",
  "authorName": "Apollo Global Management",
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  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2022-08-01 00:00:00",
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  "pageNumber": 21,
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  "notes": "Includes a comparison of standard deviation and Sharpe ratio, plus a bar chart of historical performance vs an 11% normalized return benchmark.",
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      "kind": "chart",
      "text": "Historical Alt Investment Performance",
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      "text": "Quarterly returns comparison",
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      "text": "Over the past 9 years, Athene's alternative investment portfolio has returned ~12% annually, on average. More recently, Athene's alternative portfolio has returned more than 13% over the trailing 3-year period. Apollo's approach to normalizing SRE utilizing an 11% annual return is conservative based on these historical results",
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      "kind": "source-note",
      "text": "1. Preqin PE Index presented as of December 31, 2021. 2. Alternatives performance is presented net of investment management fees and quarterly results are annualized.",
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      "text": "Standard Deviation and Sharpe Ratio comparison",
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      "kind": "title",
      "text": "Retirement Services: Historical Alternative Investment Returns",
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      "name": "Logic Chain",
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      "evidence": "The deck walks through a series of logical steps to explain the results",
      "position": 0,
      "objective": "To demonstrate the logic behind Apollo's financial performance",
      "structure": "Premise 1 (Accepted truth) -> Premise 2 (Observed fact) -> Therefore... (Inevitable conclusion)",
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