Ares Management Corp executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Leslie Picker:How long do you think these tailwinds for your business will last? "All of the work that weve been doing around diversity, inclusion, belonging, ESG that accelerated because, while the pandemic is global, it exposed inequities in the economy and in our society that created lots of other reverberations in the business." Additionally, Mr. Arougheti is a member of the PATH Organization Leadership Council. My sense is that in this new administration, we will see more. |, They did it, because thats simply who they are, Operation HOPE, U.S. Small Business Administration and U.S. Treasury Host Roundtable to Celebrate Freedmans Bank. The largest trade he's ever made was exercising 666,667 units of Ares Management Corp stock on 4 December 2020 worth over $54,453,361. in Ethics, Politics and Economics, cum laude, from Yale University. [BREAKING] New "Living Missile" to Replace Nuclear Missiles. Learn More on Michael J. Arougheti's trading history. Prior to joining Indosuez in 1994, Mr. Arougheti worked at Kidder, Peabody & Co., where he was a member of the firm's Mergers and Acquisitions Group. And that's pretty attractive to most investors right now. Mr. Arougheti also is a member of the Ares Credit Group's U.S. Michael is not an obviously emotional person, to the outside world. Prior to joining Ares in 2004, Mr. Arougheti was employed by Royal Bank of Canada ("RBC") from 2001 to 2004, where he was a Managing Partner of the Principal Finance Group of RBC Capital Partners and a member of the firm's Mezzanine Investment Committee. Russia's war on Ukraine latest: Putin casts war as battle for nation's survival, India FM Jaishankar says Soros dangerous, debate needed on democracy, Buffett's Berkshire profit falls on investments, currencies, Bill Gates buys Heineken stake, despite saying he's 'not a big beer drinker', Elon Musk recruits team to develop OpenAI rival - The Information, Hedge fund manager Chris Hohn demands Airbus drop Atos deal - letter, Elon Musk's challenge: Stay ahead of the competition, ISS urges Apple shareholders to vote for CEO Tim Cook, other execs' pay packages, Elon Musk accuses media of racism after newspapers drop 'Dilbert' cartoon, French media billionaire Niel fails with bid for TNT television frequence - Arcom. Join now Sign in . 1635 West 22nd Street (Michael Ruiz with LPG). And I will never forget it. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. Michael B. Jordan attends the Hollywood Walk Of Fame Star Ceremony honoring Michael B. Jordan on March 1, 2023, in Hollywood, California. And to oversimplify what's a complex series of global flows, it really comes down to a global desire for durable yield. Its accelerated, the participation is broader, and added to that is a heightened sense of urgency. Mr. Michael J. Arougheti is a Senior Advisor at Volery Capital Partners LLC, a President, Chief Executive Officer & Director at Ares Management Corp., a Co-Chairman & Executive Vice President. Why do you think that is? Data is a real-time snapshot *Data is delayed at least 15 minutes. . What about the companies that are seeking that type of financing? Mr. Arougheti also is a member of the Ares Credit Group's U.S. And there are certain times when you have to lead from the back, letting others step up to drive the organization forward while you push it along and clean things up from the back. Ares Management CEO Michael Arougheti discusses consolidation in the asset management industry with Bloomberg's Erik Schatzker at the Bloomberg Invest virtual conference. When you talk about belonging, youre talking about being able to bring your authentic self to work. It absolutely starts with the health crisis and the speed with which we get people inoculated. CBS News Reports: "It's an entirely new type of weapon." And we've been pretty vocal that again, if all we do is sit on our existing exposures, we can see core earnings growing, you know, in the double digit range just because of the rise in base rates. Mayer is widely considered among the best available at his position. It operates through the following segments: Credit Group, Private Equity Group and Real Estate Group. Ares Management's global platform had $149 billion of assets under management as of March 31, 2020 with more than 1,200 employees in over 20 offices in more than 10 countries. And I think one of the key jobs that we have at Ares is to mine our historical experience and recognize patterns. Picker: Are you surprised by that? Mr. Arougheti joined RBC in October 2001 from Indosuez Capital, where he was a Principal and an Investment Committee member, responsible for originating, structuring and executing leveraged transactions across a broad range of products and asset classes. in Ethics, Politics and Economics, cum laude, from Yale University. Ares Management, however, has been a beneficiary of the current environment. When expanded it provides a list of search options that will switch the search inputs to match the current selection. And let me just say this it was meaningful. It's also a reflection, I think of the investors understanding that embedded value that sits in our private credit portfolios. Despite that, that issue and I think that's a reflection of, of a consolidation of LP dollars with fewer GPS. What does that mean for margins and kind of the stickiness of these high prices? We have pools of capital that are designed to provide liquidity where other means of liquidity are not working. Following the completion of the sale, the chief executive officer now directly owns 470,138 shares of the company's stock, valued at $39,971,132.76. 2023 CNBC LLC. Mr. Arougheti joined RBC in October 2001 from Indosuez Capital, where he was a Principal and an Investment Committee member, responsible for originating, structuring and executing leveraged transactions across a broad range of products and asset classes. Arougheti:You have to look at it on a relative basis. You see, these men of conviction are different. I tried my best to help him with his endeavors and dreams, and he (and his wife Nelly Bly) certainly leaned into mine. What makes us and any organization special is culture. Mr. Arougheti oversaw an investment team that originated, managed and monitored a diverse portfolio of middle-market leveraged loans, senior and junior subordinated debt, preferred equity and common stock and warrants on behalf of RBC and other third-party institutional investors. Theres always this debate about whats more important, culture or strategy. Sometimes all you can do is throw them a life jacket and say swim as hard as you can !. The Real Estate Group segment provides debt, mortgage loans, and equity capital to borrowers, property owners, and real estate developers. A traditional portfolio of stocks and bonds is deeply in the red, leaving investors to seek diversity elsewhere. Arougheti: It's slowing, anytime the market goes through this type of a transition or a reset, transaction volumes will naturally slow in the private market. He additionally serves as Co-Chairman of Ares Capital Corporation ("ARCC"), Co-Chairman of Ares Acquisition Corporation ("AAC") and as a director of Ares Commercial Real Estate Corporation ("ACRE"). in Ethics, Politics and Economics, cum laude, from Yale University. And he did. Hence the demand that we see for private credit assets globally, and maybe a dissatisfaction with the performance of traditional 60/40 portfolios and what seems to be more consistent volatility in the traded markets. Chart Data in Insider Trading History Table. Where we are now, were deploying actively in almost every strategy across the firm because of this bifurcation. A lot of people look to their leadership to say, heres where were going and I know that for the following reasons. Insiders at Ares Management own 47.4% of the company. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Mr. Arougheti received a B.A. Prior to joining Ares in 2004, Mr. Arougheti was employed by Royal Bank of Canada ("RBC") from 2001 to 2004, where he was a Managing Partner of the Principal Finance Group of RBC Capital Partners and a member of the firm's Mezzanine Investment Committee. Convicted. If the market is healthy, you can pivot to some of the more regular-way buyout and credit investing. Because of what you did to help elevate me and my dreams, with Operation HOPE, and then later with the Promise Homes Company, you too get celebrated as a part of Black History Month. Randy Frankel, a former managing director at Goldman Sachs, and his Wall Street partners acquired the baseball team the Tampa Bay Rays in 2004. Tampa Bay Rays co-owner sold it for over double his 2020 purchase price, 1635 West 22nd Street with Ares Management's Michael Arougheti and Randy Frankel (Michael Ruiz with LPG, Getty). All of the cultural initiatives that we were executing on accelerated. Michael Arougheti is co-founder, chief executive officer and president, as well as a director of Ares Management Corp. I think what we do well is we tend to avoid big mistakes. And that's a function of great performance, but it's also a function of what they call the denominator effect, which is as public market valuations come down, traditional fixed income valuations come down, those allocators of capital that are managing to a model have less capital to deploy into private equity. See above for full video.). The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. So we're giving a little bit back in the private flow. Mr. Arougheti is a Co-Founder of Ares and the Chief Executive Officer and President, as well as a Director of Ares Management Corporation. But today, I wanted to give just that credit. So, what feels different now versus where we were pre-pandemic is theres a sense not just of urgency, but accountability up and down the chain. They made a major commitment to the work of my life, but they did it without fanfare, without press release, and without any desire for their own recognition. Michael and I met casually, but our bond as brothers and friends, early on, was anything but casual. On average, Michael trades about 111,368 units every 78 days since 2006. He is a member of the Ares Executive Management Committee, the Ares Enterprise Risk Committee and is on the Board of Directors of the Ares Charitable Foundation. When youre going through this amount of uncertainty, what I found served us well from the first day back in March 2020 was the value of over-communicating and, in many instances, saying that you didnt know. This button displays the currently selected search type. But today, as we sit here, there's a particularly interesting set of crosscurrents, that's now starting to see a divergence of opportunity around the globe. That was probably the biggest challenge for me in those early days, leveraging the things that we had built, but leading in a new way. He is a member of the Ares Executive Management Committee and the firms Management Committee. So I think with private equity specifically, and I wouldn't say the same right now for private credit, and real assets, there's a little bit of a rebalancing that needs to take place just because we're not seeing as many exits. Ares Management co-founders Tony Ressler and Michael Arougheti provided founding investments and served on the company's investment committee until last year. But now there are things like take privates that are being talked about, again, where we're now mining flow in the public market, or rescue financing as some of the distressed strategies that we operate in are starting to be a liquidity provider, given that the liquid markets are effectively closed right now. Additionally, he is a member of the PATH Organization Leadership Council. Michael J Arougheti is the Co-Founder, CEO and President of Ares Management Corp and owns about 1,601,605 shares of Ares Management Corp (ARES) stock worth over $137 Million.Michael J Arougheti is the Executive Vice President of Ares Capital Corp and owns about 1,782,709 shares of Ares Capital . So we're not only dealing with inflation, but we're now dealing with the impacts of a strong dollar globally, we still haven't quite gotten through the supply chain constraints that we're dealing with, and then overlay just for good measure of global, global conflict and energy crisis. So if you look at the amount of issuance that we saw in the high grade market, if you look at the amount of liquidity that's been in the system, companies have built up a pretty substantial war chest of liquidity, and the consumer is coming off of a pretty significant amount of government assistance globally. This chart shows Michael J Arougheti's buying and selling at Ares Management by year and by quarter. The simple reason for that is you have this bifurcation in the economy and within the consumer, and it will show up in different places as we continue to recover from this. And that's obviously pretty attractive to an investor who's looking for certainty of yield. Ares is an investor in David Beckhams Inter Miami CF, the Major League Soccer team and the venture that plans to develop a major mixed-use soccer complex in Miami. Ive come to learn that there are certain times when you have to lead from out in front, driving the business forward by leading the charge. It was designed by Domo Architecture + Design and includes a guest house, cabana and pool. We obviously navigated the pandemic with a significant amount of government and central bank intervention. He joined my board of directors for Operation HOPE, and later I joined his board, for a new publicly traded company called Ares Commercial Real Estate REIT. He tipped the scale of HOPE for me, on several occasions. So I've been encouraged by that from an activity and deployment level. And without betraying their confidences, let me just say that what Michael and Nelly did for HOPE, and at the time they did it, was extraordinary. The house at 2535 Shelter Avenue also sold for more than double its previous purchase price in 2020. Private investment firms driven by credit, focusing more on the balance sheet than the story, tend to operate in a less docile manner - less often on boards, less often delivering the CEO, less often sensitive to the sustainability of the legacy or even equity value. (Clickhereto subscribe to the Delivering Alpha newsletter.). So you know, each cycle is different. And I also think that some of the large public platforms similarly continue to raise money. For me. We had examined his road map for the year ahead. and I will never, forget that that conviction, of one Michael Arougheti. Picker: So that would imply that fundraising is a bit more challenging as well in PE? Fortunately weve got enough stimulus that weve now kind of stabilized and bridged. TE Michael Mayer says he wants to win a Super Bowl with the Bengals. Hes sort of a walking brain, and I am pretty sure he has a genius IQ. Currently, Mr. Arougheti is Co-Chairman of Ares Acquisition Corp., President, Chief Executive Officer & Director at . Mr. Arougheti is a Co-Founder of Ares and the Chief Executive Officer and President, as well as a Director of Ares Management Corporation. CINCINNATI (WXIX) - Former Notre Dame All-American tight . That comes with a broader view into different parts of the world and different parts of the organization. In the moment, I thought back to the first time I met Arougheti, in a 50,000-square-foot house (not his) (or mine) in Beverly Hills almost a decade ago. Whenever I called on Michael, he was there. He is so busy doing, executing on his beliefs, that he makes little to no noise of or about himself, as he cuts through the challenges before him. Veritas $450M loan default: A sign of things to come? As I was preparing to take the job, this friend reminded me of the Maya Angelou quote, People will forget what you said, people will forget what you did, but people will never forget how you made them feel. I think that is so poignant as a leader. And that was no accident either. Michael J. Arougheti is an entrepreneur and businessperson who founded Ares Management Corp., Ares Management LP, Ares Management LLC and Ares Management Corp (Private Equity) and who has been the head of 8 different companies. In addition to that, something thats been true my whole career but Ive come to appreciate lately is just how important it is to build high-quality teams. In this role, Ive had to think more holistically about where the business is going. Ares Management co-founder and CEO Michael. Mr. Arougheti was instrumental in the growth of Ares. Data is a real-time snapshot *Data is delayed at least 15 minutes. Mr. Arougheti is a Co-Founder of Ares and the Chief Executive Officer and President, as well as a Director of Ares Management Corporation. After catching up for an hour recently, tackling a slew of questions and meaty subjects, Mike Arougheti had a question for me. When you get into a period like we went through in March and April of last year, its very hard for a lot of leaders to say that they dont know. So if all we do is continue to invest at the top end of a company's capital structure, or lend against a real asset, with rates going up the way that they are, there's significant embedded profit potential. Also in April, investor and Anatomy Fitness owner Chris Paciello flipped a waterfront teardown on Sunset Island I for a 50 percent gain in one month. From there, its really going to be a function of what incremental fiscal and monetary stimulus exists. Michael Arougheti Mr. Arougheti is a Co-Founder of Ares and has served as a Director and the President of Ares Management since 2014. Ares, led by co-founder and CEO Michael Arougheti, is a global alternative investment manager with roughly $262 billion of assets under management, including its purchase of Black Creek Group. CNBC's Delivering Alpha newsletter sat down with Ares CEO Michael Arougheti who says that "when the markets get challenged, that's when our investment opportunity becomes the most attractive. They did it, because thats simply who they are. And we're now seeing the retail investor really take hold as well. Michael Arougheti took the reins of alternative-asset manager Ares Management on Jan. 1, 2018. Get this delivered to your inbox, and more info about our products and services. Mr. Arougheti oversaw an investment team that originated, managed and monitored a diverse portfolio of middle-market leveraged loans, senior and junior subordinated debt, preferred equity and common stock and warrants on behalf of RBC and other third-party institutional investors. Or is it faster or slower? This button displays the currently selected search type. Learn More on Michael J. Arougheti's trading history. To experiment. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX. I remember clearly, the many times I pushed him to have the company he led, Ares Management, to support Operation HOPE, but the timing back then was not right. Trusted by millions of genealogists since 2003. But at the same time, it was probably the most rewarding. Are you still seeing that as active? Direct Lending Investment Committee and the Ares Equity Income Opportunity Strategy Portfolio Review Committee. The estimated net worth of Michael J Arougheti is at least $177 Million dollars as of 2023-02-12. Whats interesting about this environment is that we had to pivot from growth opportunity in our business to real crisis management, and now we find ourselves in this in-between place were still in the middle of a crisis, but the business is not projecting itself that way. Mr. Arougheti also serves on the board of directors of Operation HOPE, a not-for-profit organization focused on expanding economic opportunity in underserved communities through education and empowerment. Picker: What about on the supply side of the equation? -0.38 -0.45%. It required thinking a lot more holistically. Tue, Mar . And thats required if you want to see change happen and you want to see it happen quickly and sustainably. now if I can only get you to co-write my current one. So, there was something about the shift to remote work that I think broke down some of those barriers and forced people to open their lives up a little bit more to their colleagues. Dismiss. Ares Management's insider roster includes Michael Arougheti (CEO), Antoinette Bush (Director), R. Deveer (Insider), David Kaplan (Insider), Michael McFerran (CFO), Antony Ressler (Chairman), Bennett Rosenthal (Insider), and Aghili Sagati (General Counsel). You cant execute well on a good strategy if you dont have a strong culture, and you cant rally people around core values and a cultural imperative if you dont have the strategic vision for who you are and who the company is. When you manage an organization through crisis, you learn a lot about yourself, but you also learn a lot about the organization that supports you. Prior to joining Ares in 2004, Mr. Arougheti was employed by Royal Bank of Canada ("RBC") from 2001 to 2004, where he was a Managing Partner of the Principal Finance Group of RBC Capital Partners and a member of the firm's Mezzanine Investment Committee. You dont hear people talking about asset-management firms in that light. So, there are big parts of our corporate-opportunities and distressed and special-situations businesses that are very busy in those more stressed parts of the market. Michael Arougheti:I think we have to talk about secular tailwinds in alternatives, and then maybe some of the cyclical tailwinds that we're seeing as well. Treating me, like I was his own. They sold a total of 6,394,959 shares worth more than $255,128,106.92. Find the names and birth dates of Arougheti family members, different addresses of residence, family members' occupations as well as death and burial information. USD. Thats one of the unique things about businesses like ours. I think many managers got accustomed to very quick fundraisers and I think they got accustomed to fundraisers happening prior to return of money. Its a pretty unique set of circumstances. But they did it. That's not necessarily true for traditional 60/40 portfolios, when you have money, you have to express a view on what you think is the best opportunity in the market. We wouldn't blame Ares Management Corporation (NYSE:ARES) shareholders if they were a little worried about the fact that Michael Arougheti, the Co-Founder recently netted about US$15m selling . Picker: So how would you characterize the credit quality within your portfolio right now? But most of our portfolio managers and investors are investing at a slower pace than they normally would as they wait to see how these markets develop.