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. Theres a conversation I had with a very close friend that still sticks with me. And Michael Arougheti, was all of that. 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 the thing is, they did it so casually. 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 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 New York Times Reports: "No existing defense can stop it." After catching up for an hour recently, tackling a slew of questions and meaty subjects, Mike Arougheti had a question for me. Kudos to Ares. He is a member of the Ares Executive Management Committee and the firms Management Committee. Will His AI Plans Be Any Different? 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. Michael's mailing address filed with the SEC is 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES, CA, 90067. Learn More about insider trades at Ares Management. Data is a real-time snapshot *Data is delayed at least 15 minutes. He was elected Congressman three times and is a leading figure in the civil rights movement. 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. And kind. Information on this page was last updated on 2/15/2023. This is going to be top of mind for a lot of leaders this year and, I think, into next. Enter your email address below to get our daily insider buying and selling report. 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 6 executives at Ares Management Corp getting paid more, with David B. Kaplan having the highest compensation of $54,974,317. 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. 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. ", (The below has been edited for length and clarity. What does that mean for margins and kind of the stickiness of these high prices? 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. 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. Ares Management Corporation (NYSE:NYSE:ARES) Q3 2021 Earnings Conference Call October 27, 2021 12:00 PM ETCompany ParticipantsCarl Drake - Head, Public Company, IRMichael Arougheti -. Ares Management CEO Michael Arougheti breaks down where to find yield The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. and I will never, forget that that conviction, of one Michael Arougheti. Michael Arougheti Expand search. I was doing the same, so we struck up a conversation. The Credit Group segment offers credit strategies across the liquid and illiquid spectrum, including syndicated bank loans, high yield bonds, credit opportunities, special situations, asset-backed investments and U.S. and European direct lending. 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. The Sunset Islands have emerged as a top neighborhood in Miami Beach, especially amid the pandemic. And that opportunity to deploy lasted maybe three weeks. 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. The estimated net worth of Michael J. Arougheti is at least $39.20 million as of November 10th, 2022. For the last almost 10 years, it seems like almost every market has been correlated and performing well. -0.38 -0.45%. Leaders can see this crisis as a burden or an opportunity from a DE&I perspective. Mr. Arougheti also is a member of the Ares Credit Groups U.S. The most recent stock trade was executed by Antony P Ressler on 10 February 2023, trading 16,879 units of ARES stock currently worth $1,436,740. 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. So we have some publicly traded credit companies, ARCC, ACRE, that largely manage floating rate assets. To experiment. Michael Arougheti A Co-Founder, Director, Chief Executive Officer & President at Ares Management Mr. Arougheti is Co-Founder, Chief Executive Officer and President, as well as a Director of Ares Management Corporation. Such a comment is admirable, and reflects a more mindful leadership. So Michael and his super talented author,wife Nelly (Bly) decided to do it personally, themselves. 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. Michael Arougheti Ares Management - CNBC He is a member of the Ares Executive Management Committee and the firm's. Ares Management names Michael Arougheti as chief executive Last year, Los Angeles-based Ares made a $150 million preferred equity investment in Inter Miami CF. I think what we do well is we tend to avoid big mistakes. Mike Arougheti, Ares Management LLC: Profile and Biography 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. 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). Additionally, Mr. Arougheti is a member of the PATH Organization Leadership Council. We had just dissected his three years as CEO of Ares Management, the publicly traded investment firm managing almost $200 billion in assets. What about the companies that are seeking that type of financing? It absolutely starts with the health crisis and the speed with which we get people inoculated. Currently, Mr. Arougheti is Co-Chairman of Ares Acquisition Corp., President, Chief Executive Officer & Director at Ares Management Corp., Co-Chairman & Executive Vice President at Ares Capital Corp., Director, CEO & President at Ares Management LLC, President, Chief Executive Officer & Director at Ares Management GP LLC and Co-Chairman and Executive Vice President at Ares Management Corp (Private Equity) (which are all subsidiaries of Ares Management Corp.) and Senior Advisor at Volery Capital Partners LLC. Whenever I called on Michael, he was there. The shares were sold at an average price of $85.02, for a transaction totalling $253,614.66. This button displays the currently selected search type. 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. And they have done it for far too many other organizations to name. Michael Arougheti is co-founder, chief executive officer and president, as well as a director of Ares Management Corp. He additionally serves as Co-Chairman of Ares Capital Corporation (NASDAQ: ARCC) (ARCC) and as a director of Ares Commercial Real Estate Corporation (NYSE: ACRE) (ACRE). I was surprised at how quickly people could transition to working remotely. And I think that's true for the publicly traded markets as well. Mr. Arougheti received a B.A. The estimated Net Worth of Michael J Arougheti is at least $235 Million dollars as of 11 November 2022. Michael Hollick on Instagram: "What an awesome week and celebration for 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. Its very rewarding. You see, these men of conviction are different. Its been such an interesting year because in so many ways, it was probably one of the most challenging of my career. Mayer is widely considered among the best available at his position. Michael Arougheti Age : 49 Public asset : 1,047,166,505 USD Country of residence : Unknown Linked companies : Ares Management Corporation - Ares Capital Corporation - Ares Acquisition Corporation - Ares Commercial Real Estate Corporation Biography of Michael Arougheti The case was due on Jan. 7, meaning the division had to . This net worth estimate does not reflect any other investments that Mr. Arougheti may own. That will help accelerate us on the other side of this. Mr. Arougheti also is a member of the Ares Credit Group's U.S. Arougheti: Ares has a history of navigating volatile markets well, so if you look at the history of the firm, the period of growth for us it was the largest was through the global financial crisis and through COVID. Picker: As you digest all of that, do you think it's possible to avoid a hard landing? Where we are now, were deploying actively in almost every strategy across the firm because of this bifurcation. But every time I speak with my friend Tony Ressler, I also feel and see the heart of Michael Arougheti, because Michael introduced me to Tony. And I also think that some of the large public platforms similarly continue to raise money. Ares is no stranger to the single-family rental market; it joined Pretium Partners in a $2.4B joint-venture purchase of Front Yard Residential Corp. which closed in 2021. 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. See above for full video.). From media and technology to finance and real estate, leagues and teams across the globe have matured into far more than just back page entertainment. ". Obituary: Michael S. Simon - Lewiston Sun Journal Whats unique about where we are now is I cant remember a cycle where weve had such a balance in healthy-company opportunity and distressed opportunity. 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.