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. Ares Management, however, has been a beneficiary of the current environment. He helped me assemble a team, and he introduced me to the language and structure and approach that I would need to implement, to make this new venture successful. 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. This tale of two cities is going to be the framework to think about the recovery. Helping me was certainly not his job, nor his calling or his role in life, but he never once made me feel like I was secondary to what was his primary. And let me just say this it was meaningful. That will help accelerate us on the other side of this. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Aroughetis noting of the importance of being transparent, empathetic, vulnerable is telling and admitting that many of us coming through the finance track are not classically trained in emotional intelligence. But it's been a little bit easier to navigate in the sense that there's not one sector that's getting consistently challenged by the current environment, it's giving people a little bit of a reprieve, now and again. Mr. Arougheti received a B.A. 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 this role, Ive had to think more holistically about where the business is going. Tue, Mar . Its accelerated, the participation is broader, and added to that is a heightened sense of urgency. Got a confidential news tip? Arougheti: So this is - we're talking about the US specifically. 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. The corporate mailing address for Mr. Arougheti and other Ares Management executives is 2000 AVE OF THE STARS 12TH FLOOR, LOS ANGELES CA, 90067. Picker: Are you surprised by that? what I remember from interviewing Michael on a panel years ago is his razor sharp intelligence! now if I can only get you to co-write my current one. 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. 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. If the market is healthy, you can pivot to some of the more regular-way buyout and credit investing. So we're going in with more health than we typically would have when we're talking about recession risk, the order of magnitude that some people are anxious about. What is Michael J. Arougheti's net worth? Mr. Arougheti owns over 9,400 units of Ares Management Corp stock worth over $37,633,080 and over the last 16 years he sold ARES stock worth over $185,033,029. 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. That is probably the single biggest challenge that we will face as the company continues to grow and expand. After catching up for an hour recently, tackling a slew of questions and meaty subjects, Mike Arougheti had a question for me. So, you have to lead in a new way. The . Finance is an apprentice business, one often hears in this sector. A lot of people talk about this idea that crises accelerate trends that are already in place, and I agree with that. and I will never, forget that that conviction, of one Michael Arougheti. 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. It's just waiting for the market to really open up to be more aggressive. So Michael and his super talented author,wife Nelly (Bly) decided to do it personally, themselves. Ares Management Corporation (NYSE:NYSE:ARES) Q1 2022 Earnings Conference Call April 28, 2022 11:00 AM ETCompany ParticipantsCarl Drake - Head, Public Markets, Investor Relations Michael. Thats not how leadership is classically trained. Love and authenticity tends to have that effect on people. Ares Management co-founders Tony Ressler and Michael Arougheti provided founding investments and served on the company's investment committee until last year. View phone numbers, addresses, public records, background check reports and possible arrest records for Michael Arougheti. Recent buyers of multimillion-dollar homes in South Florida, including Miami Beach and Palm Beach, have been able to flip their properties for big profits due to heightened demand. And the simple answer for that is buyers and sellers need to take time to re agree on what the appropriate price for a company or an asset are. Thats whether youre talking about the corporate economy or the consumer economy. And then surprisingly, when the private markets slow, you usually see public markets challenged as well. Times. When you get to a certain size as an organization, you have to appreciate that you inspire different people differently. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. In the last twelve months, insiders at the asset manager sold shares 15 times. And it's hard to generalize about a market that's trillions of dollars deep and, and is global, I would say the following, private equity enjoyed a wonderful rebound coming out of COVID. So there are a lot of structural competitive advantages that we have as an alt manager, one of the largest is just the structure of our funds. Frankel is also a real estate investor and owner of wineries and restaurants. 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. The challenge right now is in 2022, given how well the portfolio's performed and how deployed, they were given the significant amount of volume in 2021, the market now is digesting the need for more capital against the backdrop of a lack of capital. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Michael is not an obviously emotional person, to the outside world. Leaders can see this crisis as a burden or an opportunity from a DE&I perspective. Learn More about Michael J. Arougheti's net worth. Thank you!! A lot of people look to their leadership to say, heres where were going and I know that for the following reasons. 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. He previously occupied the position of Principal at Royal Bank of Canada and Managing Partner-Principal Finance Group at RBC Capital Partners Ltd. (a subsidiary of Royal Bank of Canada), Principal at Onyx Partners, Inc., Executive Vice President at Columbia Savings & Loan Association (Milwaukee, Wisconsin), Member-Mergers & Acquisitions Group at Kidder, Peabody & Co., Inc., Principal at Taylor & Co. Law Offices LLP, Co-Chairman for ACRE Capital LLC, Director at Evercom, Inc., Director at Imperial Capital LLC and Principal at Indosuez Capital. He served two terms as Mayor of Atlanta, one of the fastest growing cities in the world. 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. So when you're in an environment now, where the cost of financing is going up, maybe the availability of financing is going down, and rates are rising, putting pressure on discount rates, the markets will pause to try to evaluate where assets will clear. "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." 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. We want to hear from you. So given all that, and given just where you see opportunity, are there certain sectors that you're putting more capital to work, say, than others, just given kind of the macro backdrop you just outlined? this connects so much to was you said on monday in the call about "executive presence" when you mentioned "project an image, a feeling, an ambiance" when you gave tips for everyday executive presence. Arougheti: For us and others that look like us, it's been as good as we've seen in quite some time. What we found was that we had an employee base that was already incredibly passionate about progress along those initiatives, and over the course of the past year it has grown exponentially. 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. Arougheti:So what it really means is one of the ways to think about this credit cycle, or this potential recessionary environment in the US is that it may likely be sector specific. What I continue to learn every time I delegate and trust, every time we give somebody a part of the business to run and hold accountable for success, is it just turbocharges the growth here. A Division of NBCUniversal. Arougheti:You have to look at it on a relative basis. And then they did it again, one day at one of our HOPE Global Forum, watching a pitch competition of young Black and Brown business owners in the making. [BREAKING] New "Living Missile" to Replace Nuclear Missiles. The Sunset Islands have emerged as a top neighborhood in Miami Beach, especially amid the pandemic. Last month, Reed Smith attorney Constantine Karides paid $17.3 million for a waterfront home on Sunset Island I. 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).

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