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From there, its really going to be a function of what incremental fiscal and monetary stimulus exists. But all of our leaders learned to support their people by opening their own lives up to them. Ares is an investor in David Beckhams Inter Miami CF, the Major League Soccer team and the venture that plans to develop a major mixed-use soccer complex in Miami. The company was founded by Michael J. Arougheti, David B. Kaplan, John H. Kissick, Antony P. Ressler, and Bennett Rosent. 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. 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. Its very rewarding. How do you preserve that at scale? 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. A traditional portfolio of stocks and bonds is deeply in the red, leaving investors to seek diversity elsewhere. And thats required if you want to see change happen and you want to see it happen quickly and sustainably. All Rights Reserved. So, you have to lead in a new way. I was surprised at how quickly people could transition to working remotely. Whats been rewarding for me is that we have spent so much time over the years building culture here around our core attributes of collaboration and social responsibility and entrepreneurialism. Picker: So that would imply that fundraising is a bit more challenging as well in PE? Sticker shock: Ranking South Floridas priciest residential rentals, Here are Chicago's top 10 construction permits issued in May. Sign up for free newsletters and get more CNBC delivered to your inbox. 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 . 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. 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. Get this delivered to your inbox, and more info about our products and services. Its accelerated, the participation is broader, and added to that is a heightened sense of urgency. And Michael Arougheti, was all of that. We obviously navigated the pandemic with a significant amount of government and central bank intervention. You had a picture of it!!! 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. 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. 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: Tue, Mar . 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. Michael Arougheti Expand search. Would you say that's coming back then? 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. Michael's mailing address filed with the SEC is 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES, CA, 90067. A gentle soul and bright spirit left us on Feb. 13 when Michael "Mike" Moulds, age 73, of Pierson, Michigan, passed away unexpectedly. 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. Picker: What about on the supply side of the equation? 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. And the thing is, they did it so casually. Ares Management, however, has been a beneficiary of the current environment. And they have done it for far too many other organizations to name. This button displays the currently selected search type. 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. But today, I wanted to give just that credit. 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. Miami-based House of One designed the interiors. The Private Equity Group segment manages shared control investments in corporate private equity funds. 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. Picker: As you digest all of that, do you think it's possible to avoid a hard landing? When you get into a period like we went through in March and April of last year, its very hard for a lot of leaders to say that they dont know. The HOPE Community Credit Score Index A Closer Look at the Twin Identities of Washington, DC. CBS News Reports: "It's an entirely new type of weapon." What makes our culture special is that its deeply rooted in partnership, in entrepreneurialism, in growth mindset. 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? All of those things came to bear immediately when we went into the crisis. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Arougheti: Well, this is like something we haven't seen before. now if I can only get you to co-write my current one. 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. Direct Lending and Pathfinder Investment Committees, the Ares Equity Income Opportunity Strategy Portfolio Review Committee and the Ares Sports, Media and Entertainment Investment Committee. Dismiss. And if so, do you think that the markets are already pricing that in? Ares Management co-founder and CEO Michael. I couldn't agree more and we are seeing this in the field. And to oversimplify what's a complex series of global flows, it really comes down to a global desire for durable yield. He tipped the scale of HOPE for me, on several occasions. Arougheti:You have to look at it on a relative basis. Dismiss. My sense is that in this new administration, we will see more. Picker: So how would you characterize the credit quality within your portfolio right now? 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. 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. 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. and I will never, forget that that conviction, of one Michael Arougheti. Explore historical records and family tree profiles about Michael Arougheti on MyHeritage, the world's family history network. If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. 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. Picker:So in recent months and we've spoken, private equity has been essentially the kind of the laggard in terms of dealmaking. 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. Click Subscribe above to be notified of future editions. What Im hoping is that we can continue to have that mindset as we scale. There are 6 executives at Ares Management Corp getting paid more, with David B. Kaplan having the highest compensation of $54,974,317. Information on this page was last updated on 2/15/2023. So when the markets get challenged, that's when our investment opportunity becomes the most attractive. This button displays the currently selected search type. 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. A sponsor. You see, these men of conviction are different. Thats when leadership is most rewarding. 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. But when you go remote, youre effectively letting everybody into your home, whether thats the sights or sounds or just the challenges. Just life family. 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. 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. The Real Estate Group segment provides debt, mortgage loans, and equity capital to borrowers, property owners, and real estate developers. When expanded it provides a list of search options that will switch the search inputs to match the current selection. It required thinking a lot more holistically. Where we are now, were deploying actively in almost every strategy across the firm because of this bifurcation. 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. 1635 West 22nd Street (Michael Ruiz with LPG). Mr. Arougheti was instrumental in the growth of Ares. 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.

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