They did this three times. Picker: And you are not, is this typical for you? I think that's a reflection of the nature of our business. Among leaders of the major alternative-asset managers think Blackstone, Apollo, Carlyle, KKR Arougheti is the understated, cerebral CEO. And the thing is, they did it so casually. 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. Ares Management CEO Michael Arougheti breaks down where to find yield in a world of uncertainty DA on CNBCEvents.com Sponsors Previous Years Delivering Alpha Ares Management CEO Michael. Arougheti: For us and others that look like us, it's been as good as we've seen in quite some time. And I think now we're back to kind of what it used to be, which is to invest my money well, return it, and it could take 12 to 18 months. Director, Co-Founder, Chief Executive Officer and President of Ares. And then it will, it will pick back up again. 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. 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. And we're now seeing the retail investor really take hold as well. 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. 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. In each edition, we feature a leader or rising star whos changing the game in his or her own way. Director, Co-Founder, Chief Executive Officer and President of Ares. We have pools of capital that are designed to provide liquidity where other means of liquidity are not working. Additionally, he is a member of the PATH Organization Leadership Council. Finance is an apprentice business, one often hears in this sector. Learn More on Ares Management's active insiders. 2023 CNBC LLC. 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. Thats whether youre talking about the corporate economy or the consumer economy. So you know, each cycle is different. The second thing on my mind is that managing in crisis is different than managing status quo. It makes him no less potent, to which Aress rapid global expansion of late is a testament. Additionally, Mr. Arougheti is a member of the PATH Organization Leadership Council. When expanded it provides a list of search options that will switch the search inputs to match the current selection. What Im hoping is that we can continue to have that mindset as we scale. So there's a lot to digest. After catching up for an hour recently, tackling a slew of questions and meaty subjects, Mike Arougheti had a question for me. We obviously navigated the pandemic with a significant amount of government and central bank intervention. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. 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. Todd Michael Glaser and Rony Seikaly developed the Sunset Island IV mansion and sold it to the Frankels. And that's pretty attractive to most investors right now. Get notified the next time Michael J. Arougheti buys or sells Ares Management stock. My sense is that in this new administration, we will see more. He is a member of the Ares Executive Management Committee and the firm's. Michael Arougheti, co-founder and CEO of Ares Management, joins "Squawk Box" by phone to discuss the markets and the unprecedented economic turmoil driven by the coronavirus outbreak. 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. 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. Some people struggled figuring out how to be in that environment. 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. 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. In the last twelve months, insiders at the asset manager sold shares 15 times. Convicted. What I've been pleased with is in our portfolios, inflation is present, it has shifted from cost of goods to cost of labor, at least in our US portfolios, but the margins are still at or near all time highs. But, he said as we were about to hang up, I dont ever want to take credit for the efforts and successes of others.. Frankel and his wife, Barbara, sold their two-story, 8,500-square-foot home at 1635 West 22nd Street on the Sunset Islands for $31.5 million. And then the friendship came. in Ethics, Politics and Economics, cum laude, from Yale University. 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. But all of our leaders learned to support their people by opening their own lives up to them. All of the things that we were embarking on around business development accelerated. 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. Ive found in my career that the leaders Ive respected most were people who knew how to lead different types of people in different ways. 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 . And I think one of the key jobs that we have at Ares is to mine our historical experience and recognize patterns. Fortunately weve got enough stimulus that weve now kind of stabilized and bridged. 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: 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. Direct Lending and Pathfinder Fund Investment Committees, the Ares Equity Income Opportunity Strategy Portfolio Review Committee and the Ares Operations Management Group. Additionally, Mr. Arougheti is a member of the PATH Organization Leadership Council. in Ethics, Politics and Economics, cum laude, from Yale University. 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. My experience would tell you that that's usually a six to 12 month process, that has to take into account a shared view of what the economy is going to look like, and take into account what the new financing markets look like. USD. 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. This button displays the currently selected search type. Thats the good news and the bad news. Ares Management Corp. is engaged in providing investment management and consultancy services. 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. 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. Mr. Arougheti joined Royal Bank of Canada 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. Mr. Arougheti also is a member of the Ares Credit Group's U.S. So I've been encouraged by that from an activity and deployment level. It's somewhat counter cyclical. Dismiss. So that was the good news. And then surprisingly, when the private markets slow, you usually see public markets challenged as well. Last updated: 2 February 2023 at 9:52pm EST. A beginning. I think the good news is its very consistent with my own personal world view. 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. Its been such an interesting year because in so many ways, it was probably one of the most challenging of my career. 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. Ares Management, however, has been a beneficiary of the current environment. A Division of NBCUniversal. 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. Leslie Picker:How long do you think these tailwinds for your business will last? The corporate mailing address for Mr. Arougheti and other Ares Management executives is 2000 AVE OF THE STARS 12TH FLOOR, LOS ANGELES CA, 90067. The Private Equity Group segment manages shared control investments in corporate private equity funds. Aroughetis Vandelay Homes II LLC financed the purchase with a $21.1 million loan from J.P. Morgan, according to records. Block by block amd piece by piece, we pulled the institutional fabric together that we now call The Promise Homes Company. The Real Estate Group segment provides debt, mortgage loans, and equity capital to borrowers, property owners, and real estate developers. I think Ive become a more patient leader. Inflation, a hawkish Fed and fears of a recession have all made 2022 a tough environment for investing. I kind of laugh at that because culture and strategy go hand in hand. Would you say that's coming back then? 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. Michael Arougheti is 47, he's been the President, Chief Executive Officer, Co-Founder, and Director of Ares Management Corp since 2018. Over the last 9 years, insiders at Ares Management Corp have traded over $747,414,700 worth of Ares Management Corp stock and bought 550,746 units worth $8,027,035 You see, these men of conviction are different. Ares Management can also be reached via phone at (310) 201-4100 and via email at [emailprotected] Learn More on Michael J. Arougheti's contact information. He was elected Congressman three times and is a leading figure in the civil rights movement. One of the things that Ive said to my partners here is to think of Ares as a growth company in a growth industry. Jobs People Learning Dismiss Dismiss. |, 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. Explore historical records and family tree profiles about Michael Arougheti on MyHeritage, the world's family history network. As the President, Chief Executive Officer, Co-Founder, and Director of Ares Management Corp, the total compensation of Michael Arougheti at Ares Management Corp is $12,665,700. by John Hope Bryant | Feb 28, 2022 | Bryant on Leaders and Leadership, John Hope Bryant Authored, Operation HOPE. People, of deep convictions. Direct Lending Investment Committee and the Ares Equity Income Opportunity Strategy Portfolio Review Committee.
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