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JMP Securities downgrades pair of alternative asset managers

Jan 14, 2020 - SNL Financial

JMP Securities analyst Devin Ryan downgraded shares of alternative asset managers Apollo Global Management and KKR to "Market Perform" from "Market Outperform."

JMP Securities LLC analyst Devin Ryan downgraded shares of alternative asset managers Apollo Global Management Inc. and KKR & Co. Inc., to "Market Perform" from "Market Outperform."

Ryan said the firms' fundraising, deployment and investment performance fundamentals continue to benefit from secular tailwinds but that "the bar...