Private Equity Firm Hoping for Higher Rates: Monkey D Luffy's Take

Monkey D Luffy's Contrarian View

Yo ho ho! When everyone was going crazy over rate cuts Apollo Asset Management Co President Scott Kleinman stood tall and said 'I am the man who will not be betting on rate cuts!' Talk about a gum gum power move!

A Piece of Dry Powder Treasure

Shishishi! The lack of investing has left a mountain of $1.1 trillion of dry powder within buyout funds. That's enough belly to keep even me the future Pirate King full for a lifetime!

Higher Rates More Treasure!

Ha! Apollo's Kleinman loves him some higher rates. He said 'We're probably the only private equity firm that has been hoping for higher rates for many many years.' More treasure means more opportunities to find the One Piece of the financial world!

Monkey D Luffy's Prediction

'It is possible that one cut gets thrown in there maybe for political reasons,' said Kleinman. Ah the thrill of the hunt for treasure and the unpredictability of the Grand Line of finance!