Marko Gojanovic of One Sothebys International Realty represented the Frankels in the latest sale, and Reid Heidenry with the same firm represented Arougheti. You see, these men of conviction are different. 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. 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. 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. Theres always this debate about whats more important, culture or strategy. That is probably the single biggest challenge that we will face as the company continues to grow and expand. So we actually tend to see a consolidation of share and maybe counterintuitive and acceleration of capital that comes onto our platform to help navigate. The Sunset Islands have emerged as a top neighborhood in Miami Beach, especially amid the pandemic. Leslie Picker:How long do you think these tailwinds for your business will last? 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 . Learn More on Michael J. Arougheti's trading history. In addition, he makes $12,665,700 as President, Chief Executive Officer, Co-Founder, and Director at Ares Management Corp. Michael has made over 55 trades of the Ares Management Corp stock since 2008, according to the Form 4 filled with the SEC. Michael Arougheti Co-Founder, CEO and President at Ares Management New York, New York, United States 7K followers 377 connections Join to follow Ares Management Corporation Yale University. So you know, each cycle is different. Michael Arougheti is 47, he's been the President, Chief Executive Officer, Co-Founder, and Director of Ares Management Corp since 2018. Would you say that's coming back then? So if you look over the last 20 years, we're seeing a meaningful increase in allocations on the part of institutional and retail investors to alternatives. So that in and of itself is not surprising. Below are excerpts from our recent conversation. Michael Arougheti is co-founder, chief executive officer and president, as well as a director of Ares Management Corp. In this role, Ive had to think more holistically about where the business is going. For me, as a leader, what it also highlighted was the importance of being transparent, empathetic, vulnerable. Get this delivered to your inbox, and more info about our products and services. 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. On average, Ares Management Corp executives and independent directors trade stock every 19 days with the average trade being worth of $9,916,050. The oldest executive at Ares Management Corp is Paul Joubert, 72, who is the Independent Director. Insiders at Ares Management own 47.4% of the company. Direct Lending and Pathfinder Investment Committees, the Ares Equity Income Opportunity Strategy Portfolio Review Committee and the Ares Sports, Media and Entertainment Investment Committee. We found 290 records for Arougheti last name 128 Family Trees 29 Birth, Marriage & Death 19 Census & Voter Lists 8 Immigration & Travel View all records Explore your family history with: Get this delivered to your inbox, and more info about our products and services. Its been such an interesting year because in so many ways, it was probably one of the most challenging of my career. Its a pretty unique set of circumstances. Mr. Arougheti owns 470,138 shares of Ares Management stock worth more than $39,077,871 as of March 4th. Youre seeing it recently: Public markets are near record highs, fixed-income markets are near record tights, but we know that fundamental stresses and challenges remain. So if you look at our $340 billion of assets, over $90 billion of it is unvested. Understanding that really informs how we invest and the types of tools were using to invest into those different pockets. The case was due on Jan. 7, meaning the division had to . Get notified the next time Michael J. Arougheti buys or sells Ares Management stock. Credit is crowded PE firms including the Blackstone Group (NYSE: BX), KKR, the Carlyle Group (Nasdaq: CG) and Apollo (NYSE: APO) have all grown their credit business substantially . hopefully Ares can be big but also keep it real. With hundreds of billions of dollars worth of floating rate credit and real assets, the firm's $200B book has surprisingly held up well. Picker: So you've seen a full transition from the cost of goods we've seen, and things like fuel costs go down, lumber go down, other raw materials go down, shift to the cost of wages, which have, of course gone up, not keeping pace with inflation. Back to the comment I made about the crisis accelerating trends already in place, we had already been deep into our journey around ESG and diversity, equity, and inclusion. 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. 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. See above for full video.). And that's obviously pretty attractive to an investor who's looking for certainty of yield. 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. And he did. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Michael has a reported annual income of $100 - 149,999 and a current net worth value of greater than $250,000 - $499,999. Mr. Arougheti also serves on the boards of directors of Operation HOPE, a not-for profit organization focused on expanding economic opportunity in underserved communities through economic education and empowerment. And when I launched my dream for The Promise Homes Company, there was Michael Arougheti once again, making the first real commitment to our start-up dream. What Im hoping is that we can continue to have that mindset as we scale. 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. But there are echoes of the past. The New York Times Reports: "No existing defense can stop it." A gentle soul and bright spirit left us on Feb. 13 when Michael "Mike" Moulds, age 73, of Pierson, Michigan, passed away unexpectedly. Got a confidential news tip? Thats true for the consumer as well you have a sizable segment of the population that is doing OK, and you have a segment of the population that, unfortunately, is being devastated. After catching up for an hour recently, tackling a slew of questions and meaty subjects, Mike Arougheti had a question for me. Ares Management CEO Michael Arougheti discusses consolidation in the asset management industry with Bloomberg's Erik Schatzker at the Bloomberg Invest virtual conference. Ares Management LP said Dec. 18 that Michael J Arougheti, co-founder and president, was named CEO effective Jan. 1, replacing Tony Ressler who will continue as executive chairman. Youre effectively purpose-built to navigate this type of environment, where if the market is stressed, you can pivot to distressed investing, whether thats portfolios or single assets. Liquidity pumped into the credit markets during the pandemic could stave off a spike in defaults for several years, Ares Management Corp. Chief Executive Officer Michael . Michael B. Jordan attends the Hollywood Walk Of Fame Star Ceremony honoring Michael B. Jordan on March 1, 2023, in Hollywood, California. The house at 2535 Shelter Avenue also sold for more than double its previous purchase price in 2020. Picker: So that would imply that fundraising is a bit more challenging as well in PE? 2023 CNBC LLC. They did this three times. That is going to be an interesting management challenge in and of itself going from crisis management back to ordinary course without losing the progress that weve made operationally and culturally. 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. A dream planted, but not much more. The firm now oversees $197 billion. 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. In the last twelve months, Ares Management insiders bought shares 20 times. Picker: Are you surprised by that? So if there is a silver lining to all the challenges globally, right now, we're going into this period of volatility with real strong underpinnings. This button displays the currently selected search type. and I will never, forget that that conviction, of one Michael Arougheti. Arougheti: Yeah, so the good news is about being an alternative manager is we don't have to invest the dollars that our clients give us. Mr. Arougheti is a Co-Founder of Ares and the Chief Executive Officer and President, as well as a Director of Ares Management Corporation. 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: It's shifting. Thats why I think that the opportunity to lead in this type of a crisis, as difficult as it is, is really a unique opportunity for anybody. We obviously navigated the pandemic with a significant amount of government and central bank intervention. 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. Trusted by millions of genealogists since 2003. 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. 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? Arougheti:You have to look at it on a relative basis. We want to hear from you. So, you have to lead in a new way. The best advice I would give now is that you have to lead different people differently. Ares Management, however, has been a beneficiary of the current environment. now if I can only get you to co-write my current one. 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. There are 13 older and 6 younger executives at Ares Management Corp. Fortunately weve got enough stimulus that weve now kind of stabilized and bridged. And then the friendship came. And I will never forget it. There are 6 executives at Ares Management Corp getting paid more, with David B. Kaplan having the highest compensation of $54,974,317. When you look at the economy, its a tale of two cities. A Division of NBCUniversal. The company was founded by Michael J. Arougheti, David B. Kaplan, John H. Kissick, Antony P. Ressler, and Bennett Rosent. We had just dissected his three years as CEO of Ares Management, the publicly traded investment firm managing almost $200 billion in assets. 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. And then he met with me weekly, for close to four years, making himself fully available to my dream, treating it like it was his own. Got a confidential news tip? Mr. Arougheti is a Co-Founder of Ares and the Chief Executive Officer and President, as well as a Director of Ares Management Corporation. A lot of people talk about this idea that crises accelerate trends that are already in place, and I agree with that. 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. The investment management firm has about $325 billion of assets under management, according to its website. 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. 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. 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. 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. And call on him, I did often. It operates through the following segments: Credit Group, Private Equity Group and Real Estate Group. Even to fail in doing that. In each edition, we feature a leader or rising star whos changing the game in his or her own way. They purchased a total of 8,706,492 shares worth more than $85,604,376.84. It absolutely starts with the health crisis and the speed with which we get people inoculated. 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. Mr. Arougheti received a B.A. 2023 CNBC LLC. What about the companies that are seeking that type of financing? Director, Co-Founder, Chief Executive Officer and President of Ares. And thats required if you want to see change happen and you want to see it happen quickly and sustainably. Block by block amd piece by piece, we pulled the institutional fabric together that we now call The Promise Homes Company. A traditional portfolio of stocks and bonds is deeply in the red, leaving investors to seek diversity elsewhere. And to oversimplify what's a complex series of global flows, it really comes down to a global desire for durable yield. 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. UPDATED, May 10, 12:20 p.m.: Tampa Bay Rays co-owner Randy Frankel more than doubled his money with the sale of his waterfront Miami Beach mansion. Times. So we're giving a little bit back in the private flow. And that was no accident either. From there, its really going to be a function of what incremental fiscal and monetary stimulus exists. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, More Iranian Schoolgirls Sickened in Suspected Poisoning Wave, No Major Offer Expected on Childcare in UK Budget, Oil Investors Get $128 Billion Handout as Doubts Grow About Fossil Fuels, Climate Change Is Launching a MutantSeed Space Race, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? Most recently he sold 9,400 units of ARES stock worth $799,376 on 11 November 2022. He is a member of the Ares Executive Management Committee and the firm's. 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. But they did it. I was doing the same, so we struck up a conversation. It makes him no less potent, to which Aress rapid global expansion of late is a testament. Three. 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. Information on this page was last updated on 2/15/2023. Treating me, like I was his own. I sit here now, a year removed from the beginning of that, and feel that the culture we had built and the strategic positioning of the company we had pursued positioned us well to navigate the crisis. A key support beam. Theres a conversation I had with a very close friend that still sticks with me. And material, at that time, to our very survival. 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. ". And they have done it for far too many other organizations to name. 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. One of the things that Ive said to my partners here is to think of Ares as a growth company in a growth industry.