Michael's mailing address filed with the SEC is 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES, CA, 90067. When you look at the economy, its a tale of two cities. 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. And I will never forget it. 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. 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. Love and authenticity tends to have that effect on people. 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"). 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. On average, Ares Management Corp executives and independent directors trade stock every 19 days with the average trade being worth of $9,916,050. Randy Frankel, a former managing director at Goldman Sachs, and his Wall Street partners acquired the baseball team the Tampa Bay Rays in 2004. Additionally, Mr. Arougheti is a member of the PATH Organization Leadership Council. Mr. Arougheti also is a member of the Ares Credit Group's U.S. The best advice I would give now is that you have to lead different people differently. Arougheti:Yeah, we're already seeing the pipeline start to build into the end of the year. in Ethics, Politics and Economics, cum laude, from Yale University. I tried my best to help him with his endeavors and dreams, and he (and his wife Nelly Bly) certainly leaned into mine. 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. What it really highlighted for me was the importance of being flexible. Together, personally, they both became the financial backers for the founding of my Promise Homes Company dream. is a very unique organization, in part given its steady, consistent rise, and focus on credit. Michael didnt stop there. SAN LORENZO, Calif. - Michael "Mike" Simon, 61, passed away peacefully on Feb. 23, 2023 with family by his side, after a year-long fight with brain cancer. Last month, Reed Smith attorney Constantine Karides paid $17.3 million for a waterfront home on Sunset Island I. All of those things came to bear immediately when we went into the crisis. This chart shows Michael J Arougheti's buying and selling at Ares Management by year and by quarter. Michael J. Arougheti has not been actively trading shares of Ares Management during the past quarter. People, of deep convictions. Leaders can see this crisis as a burden or an opportunity from a DE&I perspective. Picker:So in recent months and we've spoken, private equity has been essentially the kind of the laggard in terms of dealmaking. 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. 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. Picker: So that would imply that fundraising is a bit more challenging as well in PE? Would you say that's coming back then? 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. Michael B. Jordan attends the Hollywood Walk Of Fame Star Ceremony honoring Michael B. Jordan on March 1, 2023, in Hollywood, California. , thanks for sharing these insights with top executives - super useful. And when Michael Arougheti committed, that gave license to Tony Ressler, his co-founder at Ares Management, that he could do the same. He is a member of the Ares Executive Management Committee and the firms Management Committee. Got a confidential news tip? So, Ares, I think we've been fortunate that we're outperforming not just the public asset management peers, but the markets generally. Arougheti: For us and others that look like us, it's been as good as we've seen in quite some time. When expanded it provides a list of search options that will switch the search inputs to match the current selection. 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. 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. So we have a ways to go. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. Currently, Mr. Arougheti is Co-Chairman of Ares Acquisition Corp., President, Chief Executive Officer & Director at . "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." Or is it faster or slower? ARES DYNAMIC CREDIT ALLOCATION FUND, INC. Transcript : Ares Management Corporation Presents at The Bank of America Securities 2023 Financial Services Conference, Feb-16-2023 09:40 AM, Transcript : Ares Management Corporation, Q4 2022 Earnings Call, Feb 09, 2023, Bloomberg Video: Sizing up the Private Credit Market, Transcript : Ares Management Corporation, Q3 2022 Earnings Call, Oct 27, 2022, Transcript : Ares Management Corporation Presents at Barclays Global Financial Services Conference, Sep-13-2022 12:00 PM, Transcript : Ares Management Corporation, Q2 2022 Earnings Call, Jul 28, 2022, Transcript : Ares Management Corporation Presents at Bernstein 38th Annual Strategic Decisions Conference, Jun-02-2022 02:30 PM, President, Chief Executive Officer & Director, Ares Commercial Real Estate Management LLC, Director, Co-Founder & Chief Executive Officer, Program for Appropriate Technology in Health. The reason I say 'no' is we've, despite the pandemic, we've had so much stimulus come into the market that people have had time to prepare. The Private Equity Group segment manages shared control investments in corporate private equity funds. A beginning. now if I can only get you to co-write my current one. As I was preparing to take the job, this friend reminded me of the Maya Angelou quote, People will forget what you said, people will forget what you did, but people will never forget how you made them feel. I think that is so poignant as a leader. Where we are now, were deploying actively in almost every strategy across the firm because of this bifurcation. 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. A traditional portfolio of stocks and bonds is deeply in the red, leaving investors to seek diversity elsewhere. That comes with a broader view into different parts of the world and different parts of the organization. Thats when leadership is most rewarding. So that was the good news. He is so busy doing, executing on his beliefs, that he makes little to no noise of or about himself, as he cuts through the challenges before him. Thats the good news and the bad news. Jobs People Learning Dismiss Dismiss. 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. When youre going through this amount of uncertainty, what I found served us well from the first day back in March 2020 was the value of over-communicating and, in many instances, saying that you didnt know. And that opportunity to deploy lasted maybe three weeks. A key support beam. 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. 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. I don't think that will end anytime soon. He tipped the scale of HOPE for me, on several occasions. [BREAKING] New "Living Missile" to Replace Nuclear Missiles. In the moment, I thought back to the first time I met Arougheti, in a 50,000-square-foot house (not his) (or mine) in Beverly Hills almost a decade ago. 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. The move comes as Ares business becomes more complex and larger with $106bn assets under management in real estate, private equity and . And so we're also seeing increasing demand for things like real assets and private equity. Director, Co-Founder, Chief Executive Officer and President of Ares. Three. 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 . 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 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. What Im hoping is that we can continue to have that mindset as we scale. You can see the complete history of Mr. Arougheti stock trades at the bottom of the page. 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. 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. The firm now oversees $197 billion. I'd subscribe to that podcast on a heartbeat, People will forget what you said, people will forget what you did, but people will never forget how you made them feel.. Id like to think that Ive become more strategic in my thinking, as opposed to just tactical around parts of the business. The Real Estate Group segment provides debt, mortgage loans, and equity capital to borrowers, property owners, and real estate developers. So, the places where you would be seeing the most distress, we just dont have that much of it. Ares Management co-founders Tony Ressler and Michael Arougheti provided founding investments and served on the company's investment committee until last year. We had just dissected his three years as CEO of Ares Management, the publicly traded investment firm managing almost $200 billion in assets. (Source: Bloomberg) It required thinking a lot more holistically. 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? 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. 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 therefore you're not going to see as much transaction volume as people manage their liquidity. And that's pretty attractive to most investors right now. 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"). CBS News Reports: "It's an entirely new type of weapon." Mayer is widely considered among the best available at his position. in Ethics, Politics and Economics, cum laude, from Yale University. Michael J. Arougheti is an entrepreneur and businessperson who founded Ares Management Corp., Ares Management LP, Ares Management LLC and Ares Management Corp (Private Equity) and who has been the head of 8 different companies. The most active insiders traders include Michael J Arougheti, Antony P Ressler, and Bennett Rosenthal. And then it will, it will pick back up again. But all of our leaders learned to support their people by opening their own lives up to them. Explore historical records and family tree profiles about Michael Arougheti on MyHeritage, the world's family history network. I have worked with Ares over the years (and some of their predecessors), and invariably, the interactions have been very professional and thoughtful. They did it, because thats simply who they are. A sponsor. There are 6 executives at Ares Management Corp getting paid more, with David B. Kaplan having the highest compensation of $54,974,317. 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. Over the next several years, I covered Aress IPO, its deals, and Aroughetis ascension to CEO in 2018. Michael Arougheti is 47, he's been the President, Chief Executive Officer, Co-Founder, and Director of Ares Management Corp since 2018. So there's a lot to digest. Learn More on Ares Management's active insiders. Ares Management Corp. is engaged in providing investment management and consultancy services. This button displays the currently selected search type. So we have some publicly traded credit companies, ARCC, ACRE, that largely manage floating rate assets. Among leaders of the major alternative-asset managers think Blackstone, Apollo, Carlyle, KKR Arougheti is the understated, cerebral CEO. Its accelerated, the participation is broader, and added to that is a heightened sense of urgency. Theres always this debate about whats more important, culture or strategy. And our family has been enriched, spiritually and emotionally, from that bond, the most. Get notified the next time Michael J. Arougheti buys or sells Ares Management stock. Michael Arougheti:I think we have to talk about secular tailwinds in alternatives, and then maybe some of the cyclical tailwinds that we're seeing as well. And without betraying their confidences, let me just say that what Michael and Nelly did for HOPE, and at the time they did it, was extraordinary. What is Michael J. Arougheti's net worth? It's also a reflection, I think of the investors understanding that embedded value that sits in our private credit portfolios. 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. Separate. All Rights Reserved. CNBC's Leslie Picker 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. All of the cultural initiatives that we were executing on accelerated. 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. TE Michael Mayer says he wants to win a Super Bowl with the Bengals. 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 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: Some people struggled figuring out how to be in that environment. 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. Whenever I called on Michael, he was there. The corporate mailing address for Mr. Arougheti and other Ares Management executives is 2000 AVE OF THE STARS 12TH FLOOR, LOS ANGELES CA, 90067. Its been such an interesting year because in so many ways, it was probably one of the most challenging of my career. Get this delivered to your inbox, and more info about our products and services. We had examined his road map for the year ahead. Marko Gojanovic of One Sothebys International Realty represented the Frankels in the latest sale, and Reid Heidenry with the same firm represented Arougheti. 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 Dismiss. In the last twelve months, Ares Management insiders bought shares 20 times. 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. Click Subscribe above to be notified of future editions. 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. When you talk about belonging, youre talking about being able to bring your authentic self to work. You had a picture of it!!! When expanded it provides a list of search options that will switch the search inputs to match the current selection. I think that if you talk to any leader of an organization, they would tell you that no matter how experienced they were or well prepared for every eventuality, nobody is really prepared for a global pandemic and all of the things that come with it. 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. 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. But ultimately, the market is there, and the demand for the product is there. Michael Arougheti is 47, he's been the President, Chief Executive Officer, Co-Founder, and Director of Ares Management Corp since 2018. 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. The estimated net worth of Michael J. Arougheti is at least $39.08 million as of November 10th, 2022. Certainly, Michael and Nelly would never say an external word. There are no ways to adequately describe a man with conviction. It's somewhat counter cyclical.