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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. 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. And we're now seeing the retail investor really take hold as well. 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. When the markets are so uncertain. Enter your email address below to get our daily insider buying and selling report. Its accelerated, the participation is broader, and added to that is a heightened sense of urgency. 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. Certainly, Michael and Nelly would never say an external word. Most recently he sold 9,400 units of ARES stock worth $799,376 on 11 November 2022. Ressler, an Ares . Picker: So how would you characterize the credit quality within your portfolio right now? 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. 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 . 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. 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. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. A gentle soul and bright spirit left us on Feb. 13 when Michael "Mike" Moulds, age 73, of Pierson, Michigan, passed away unexpectedly. When you get to a certain size as an organization, you have to appreciate that you inspire different people differently. Arougheti: Yes and no. 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. So I've been encouraged by that from an activity and deployment level. So, the places where you would be seeing the most distress, we just dont have that much of it. Dismiss. I think Ive always intuitively known that, but Ive gotten more opportunities to test it. You can see the complete history of Mr. Arougheti stock trades at the bottom of the page. and I will never, forget that that conviction, of one Michael Arougheti. 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. Great interview and loved the throwback articles - maybe put together a book? So that was the good news. So, you have to lead in a new way. Mayer is widely considered among the best available at his position. Leaders can see this crisis as a burden or an opportunity from a DE&I perspective. So we have some publicly traded credit companies, ARCC, ACRE, that largely manage floating rate assets. The Credit Group provides solutions for traditional fixed income investors seeking to access the syndicated bank loan and high yield bond markets and capitalize on opportunities across traded corporate credit. And thats required if you want to see change happen and you want to see it happen quickly and sustainably. 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. 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. There is a big difference between June and September in terms of a reopening and increased mobility. 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. Moulds, Michael 12/27/1949 2/13/2023 Pierson, Michigan. 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. If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. Whitepages people search is the most trusted directory. All of the things that we were embarking on around business development accelerated. (Photo by Matt Winkelmeyer/Getty Images) Coogler, who has . A beginning. what I remember from interviewing Michael on a panel years ago is his razor sharp intelligence! 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 Indosuez in 1994, Mr. Arougheti worked at Kidder, Peabody & Co., where he was a member of the firm's Mergers and Acquisitions Group. All Rights Reserved. Such a comment is admirable, and reflects a more mindful leadership. 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. 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. Get notified the next time Michael J. Arougheti buys or sells Ares Management stock. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. On average, Michael trades about 111,368 units every 78 days since 2006. 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"). And to oversimplify what's a complex series of global flows, it really comes down to a global desire for durable yield. All of the cultural initiatives that we were executing on accelerated. Mr. Arougheti received a B.A. The Sunset Islands have emerged as a top neighborhood in Miami Beach, especially amid the pandemic. Here are some of the teachers. Dismiss. 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. Create a free family tree for yourself or for Michael Arougheti and we'll search for valuable new . 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. Michael Arougheti Mr. Arougheti is a Co-Founder of Ares and has served as a Director and the President of Ares Management since 2014. Learn More on Ares Management's active insiders. [BREAKING] New "Living Missile" to Replace Nuclear Missiles. 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. The investment management firm has about $325 billion of assets under management, according to its website. And then the friendship came. We have pools of capital that are designed to provide liquidity where other means of liquidity are not working. They didnt just fill the air with kind platitudes, they filled our bank account with the very resources we needed to go from surviving to thriving, to winning. Block by block amd piece by piece, we pulled the institutional fabric together that we now call The Promise Homes Company. The records show the division opened a case on Dec. 8, 2022, to investigate threats and allegations of child abuse by Michael Haight. The corporate mailing address for Mr. Arougheti and other Ares Management executives is 2000 AVE OF THE STARS 12TH FLOOR, LOS ANGELES CA, 90067. We want to hear from you. The company was founded by Michael J. Arougheti, David B. Kaplan, John H. Kissick, Antony P. Ressler, and Bennett Rosent. The good news is that if you look at corporate America, you have many companies that were indirectly COVID-impacted that have figured out how to navigate things and are now doing OK. And there are just certain companies in certain industries that are directly challenged and will have a harder go of it. And it's moving around a little bit, right. Such is the man the world refers to as Michael Arougheti. |, 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. So if you look at recent memory, going through the early days of COVID, in 2020, that felt like it was going to be a severely disrupted market for quite some time. And then there are big parts of our business that are investing in health care and technology and single-family residential and all of the things that are doing well. 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. 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. If the market is healthy, you can pivot to some of the more regular-way buyout and credit investing. Mr. Arougheti is a Co-Founder of Ares and the Chief Executive Officer and President, as well as a Director of Ares Management Corporation. Together, we built The Promise Homes Company into the largest Black controlled owner of singles family residential rental homes in the country, with $150 million in assets. Would you say that's coming back then? Its been such an interesting year because in so many ways, it was probably one of the most challenging of my career. 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. I think that's a reflection of the nature of our business. It's just waiting for the market to really open up to be more aggressive. Not just because people were remote, but because youre also in a much different headspace, balancing home and family and kids. 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. 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. Mr. Arougheti also is a member of the Ares Credit Group's U.S. 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. 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. 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. 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. Chart Data in Insider Trading History Table. now if I can only get you to co-write my current one. I LOVE this series!! Trusted information source for millions of people worldwide . 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. And I also think that some of the large public platforms similarly continue to raise money. ". 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"). 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. 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. Inflation, a hawkish Fed, fears of a recession have all made 2022 a tough environment for investing. 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). 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. Copyright 2018 | John Hope Bryant and JohnHopeBryantHoldings, LLC | All rights reserved. And Michael Arougheti, was all of that. Picker:As you think about the inflationary environment, in particular, and in planning for your own business in conversations with LPs, what's your take for how long we will be in a current situation like we're in right now? He serves on the Ares Exe Read More Contact Michael Arougheti's Phone Number and Email Last Update 11/21/2022 1:55 PM Email 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. A key support beam. 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. This chart shows Michael J Arougheti's buying and selling at Ares Management by year and by quarter. 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. Todd Michael Glaser and Rony Seikaly developed the Sunset Island IV mansion and sold it to the Frankels. And let me just say this it was meaningful. . Explore historical records and family tree profiles about Michael Arougheti on MyHeritage, the world's family history network. Hes sort of a walking brain, and I am pretty sure he has a genius IQ. So when the markets get challenged, that's when our investment opportunity becomes the most attractive. 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. What does that mean for margins and kind of the stickiness of these high prices? 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. Ares Management, however, has been a beneficiary of the current environment. Michael Arougheti Expand search. There are no ways to adequately describe a man with conviction. Mr. Arougheti received a B.A. Veritas $450M loan default: A sign of things to come? I don't think that will end anytime soon. 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 the last twelve months, Ares Management insiders bought shares 20 times. It absolutely starts with the health crisis and the speed with which we get people inoculated. And I will never forget it. We obviously navigated the pandemic with a significant amount of government and central bank intervention. 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. Direct Lending and Pathfinder Investment Committees, the Ares Equity Income Opportunity Strategy Portfolio Review Committee and the Ares Sports, Media and Entertainment Investment Committee. Direct Lending and Pathfinder Fund Investment Committees, the Ares Equity Income Opportunity Strategy Portfolio Review Committee and the Ares Operations Management Group. So there's a fundamentally different positioning when you manage private capital versus liquid capital. But, he said as we were about to hang up, I dont ever want to take credit for the efforts and successes of others.. What makes our culture special is that its deeply rooted in partnership, in entrepreneurialism, in growth mindset. 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: And when Michael Arougheti committed, that gave license to Tony Ressler, his co-founder at Ares Management, that he could do the same. So if you look at the positioning of most portfolios, they were, if not fully invested in moving towards full investment, and enjoyed great performance in 2021. Learn More on Michael J. Arougheti's trading history. Michael J. Arougheti serves as President, Chief Executive Officer, Co-Founder, Director of the Company. They sold a total of 6,394,959 shares worth more than $255,128,106.92. 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. This button displays the currently selected search type. Michael Arougheti is 47, he's been the President, Chief Executive Officer, Co-Founder, and Director of Ares Management Corp since 2018. Michael has a reported annual income of $100 - 149,999 and a current net worth value of greater than $250,000 - $499,999. Picker: And you are not, is this typical for you? 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. Are you surprised that the credit quality has been able to withstand some of the pressures of a rising interest rate environment and lack of liquidity in the system? A lot of people look to their leadership to say, heres where were going and I know that for the following reasons. The house at 2535 Shelter Avenue also sold for more than double its previous purchase price in 2020. See above for full video.). in Ethics, Politics and Economics, cum laude, from Yale University. I think many managers got accustomed to very quick fundraisers and I think they got accustomed to fundraisers happening prior to return of money. Times. Mr. Arougheti received a B.A. Picker:So given all of this Ares' stock price is basically flat on the year which is outperforming the S&P, it's outperforming your peers, but still flat. 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 Mr. Arougheti is a Co-Founder of Ares and the Chief Executive Officer and President, as well as a Director of Ares Management Corporation. Information on this page was last updated on 2/15/2023. 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. The New York Times Reports: "No existing defense can stop it." As of 11 November 2022 he still owns at least 460,738 units of Ares Management Corp stock. People cant leave their home challenges at home, go to work, and then go back to them its all a bit more fluid than that right now. 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. So one of the ways we can express a view on the market is by not investing. So you know, each cycle is different. Ryan Berry will become chief marketing and strategy officer. The oldest executive at Ares Management Corp is Paul Joubert, 72, who is the Independent Director. He served two terms as Mayor of Atlanta, one of the fastest growing cities in the world. I was doing the same, so we struck up a conversation. 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. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. 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 . But at the same time, it was probably the most rewarding. Ares Management co-founders Tony Ressler and Michael Arougheti provided founding investments and served on the company's investment committee until last year. You see, these men of conviction are different. Michael J. Arougheti is also Partner at Direct Lending Group, Inc. and Member of Program for Appropriate Technology in Health and on the board of 7 other companies. The most recent insider tranaction occured on February, 15th when Director Corporate Opportunities F Ares sold 4,770,000 shares worth more than $124,306,200.00. Get this delivered to your inbox, and more info about our products and services. So if you say, cost of goods, inflation, that had an impact on retail, hospitality, consumer facing businesses, as you now shift, and you see easing in that now, maybe you're seeing some pressure on service oriented businesses, you know, that are either facing off with a consumer or trying to navigate a tightening labor market. 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. 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. The best advice I would give now is that you have to lead different people differently. Even to fail in doing that. And that was no accident either. People, of deep convictions. 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. 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. 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. A dream planted, but not much more. So I don't want to say that that's good. We had examined his road map for the year ahead. Typically when you go through a crisis of this magnitude, its a little slower to recover in terms of the new-deal market, and it tends to be much more distressed. The second thing on my mind is that managing in crisis is different than managing status quo. So, how do we get out of crisis mode by getting people back into the office and driving the business forward? The Sharpe Angle: Ares Management CEO Michael Arougheti says this macro environment is 'like something we haven't seen before', Don't bet that the bottom is in for what were high-growth tech firms, private equity investors say, Ken Griffins hedge fund Citadel is up again in 2023 following a record year, Third Point's Daniel Loeb takes a passive stake in AMD. This button displays the currently selected search type. A non-waterfront home on Sunset Island II recently traded for $12.5 million, setting a record for dry sales in all of Miami Beach. And so we're also seeing increasing demand for things like real assets and private equity. They did it, because thats simply who they are. Currently, Mr. Arougheti is Co-Chairman of Ares Acquisition Corp., President, Chief Executive Officer & Director at . Among leaders of the major alternative-asset managers think Blackstone, Apollo, Carlyle, KKR Arougheti is the understated, cerebral CEO. So the way that we're approaching it is we're obviously looking for what we think is the best risk adjusted return globally. But there are echoes of the past. Id like to think that Ive become more strategic in my thinking, as opposed to just tactical around parts of the business. Mr. Arougheti was instrumental in the growth of Ares. 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. 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. And if so, do you think that the markets are already pricing that in? You set a cultural agenda thats a little bit more willing to take risk and fail along the growth curve, as compared to a traditional, stodgy view of asset management. 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? Director, Co-Founder, Chief Executive Officer and President of Ares. From there, its really going to be a function of what incremental fiscal and monetary stimulus exists. 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. Picker: What about on the supply side of the equation? And call on him, I did often. I think Ive become a more patient leader. I think that capital will get raised, I think it will just take a little bit longer. Why do you think that is? 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. 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. That comes with a broader view into different parts of the world and different parts of the organization. Mr. Arougheti also is a member of the Ares Credit Group's U.S. Together, personally, they both became the financial backers for the founding of my Promise Homes Company dream. 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. Picker: It's shifting. Inflation? President of Ares at the time, he stood alone, observing the partygoers, content being a fly on the wall. And the thing is, they did it so casually. You had a picture of it!!! The Real Estate Group segment provides debt, mortgage loans, and equity capital to borrowers, property owners, and real estate developers. Most recently, Michael J. Arougheti sold 2,983 shares of the business's stock in a transaction on Thursday, November 10th.

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