Michael's personal network of family, friends, associates & neighbors include Elinor Bly, Joel Arougheti, Jeanne Arougheti, Paul Arougheti and Florence Stepper. Times. When expanded it provides a list of search options that will switch the search inputs to match the current selection. (Source: Bloomberg) Mayer is widely considered among the best available at his position. It required thinking a lot more holistically. 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. Michael Arougheti took the reins of alternative-asset manager Ares Management on Jan. 1, 2018. Get notified the next time Michael J. Arougheti buys or sells Ares Management stock. 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 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. by John Hope Bryant | Feb 28, 2022 | Bryant on Leaders and Leadership, John Hope Bryant Authored, Operation HOPE. 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. 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. There is a big difference between June and September in terms of a reopening and increased mobility. 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"). 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. If you turn your attention to Europe, in certain parts of Asia, the story might be different. Picker: So you've seen a full transition from the cost of goods we've seen, and things like fuel costs go down, lumber go down, other raw materials go down, shift to the cost of wages, which have, of course gone up, not keeping pace with inflation. 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. this connects so much to was you said on monday in the call about "executive presence" when you mentioned "project an image, a feeling, an ambiance" when you gave tips for everyday executive presence. A traditional portfolio of stocks and bonds is deeply in the red, leaving investors to seek diversity elsewhere. You dont hear people talking about asset-management firms in that light. Arougheti: So this is - we're talking about the US specifically. If you look at institutional allocations to alternatives, they are predicted to double likely over the next five to 10 years at a compound annual growth rate of about 15%. 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. Picker: Are you surprised by that? 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. 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. Id like to think that Ive become more strategic in my thinking, as opposed to just tactical around parts of the business. Mr. Arougheti owns 470,138 shares of Ares Management stock worth more than $39,077,871 as of March 4th. This button displays the currently selected search type. The oldest executive at Ares Management Corp is Paul Joubert, 72, who is the Independent Director. This net worth estimate does not reflect any other investments that Mr. Arougheti may own. 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. Where we are now, were deploying actively in almost every strategy across the firm because of this bifurcation. 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. Ares Management, however, has been a beneficiary of the current environment. Whats interesting about this environment is that we had to pivot from growth opportunity in our business to real crisis management, and now we find ourselves in this in-between place were still in the middle of a crisis, but the business is not projecting itself that way. The . 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 that's a function of great performance, but it's also a function of what they call the denominator effect, which is as public market valuations come down, traditional fixed income valuations come down, those allocators of capital that are managing to a model have less capital to deploy into private equity. Mr. Arougheti was instrumental in the growth of Ares. 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. When you talk about belonging, youre talking about being able to bring your authentic self to work. A lot of people look to their leadership to say, heres where were going and I know that for the following reasons. Michael Arougheti is co-founder, chief executive officer and president, as well as a director of Ares Management Corp. The second thing on my mind is that managing in crisis is different than managing status quo. He tipped the scale of HOPE for me, on several occasions. 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. In this role, Ive had to think more holistically about where the business is going. Certainly, Michael and Nelly would never say an external word. Together, personally, they both became the financial backers for the founding of my Promise Homes Company dream. 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. But at the same time, it was probably the most rewarding. But today, I wanted to give just that credit. Among leaders of the major alternative-asset managers think Blackstone, Apollo, Carlyle, KKR Arougheti is the understated, cerebral CEO. I think the good news is its very consistent with my own personal world view. Back to the comment I made about the crisis accelerating trends already in place, we had already been deep into our journey around ESG and diversity, equity, and inclusion. Arougheti:I think, in the US market, we still have a shot, I think the Fed is on the task, if you look at the strength of the market, and this what makes it particularly challenging to invest in, all of the data that we see, up until this point in our significant private portfolios, we tell you that the economy is still quite strong, corporate balance sheets are well positioned, the consumer is still relatively underleveraged. 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. 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 And I think that's true for the publicly traded markets as well. That comes with a broader view into different parts of the world and different parts of the organization. And call on him, I did often. Thank you Michael Arougheti. 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 largest trade he's ever made was exercising 666,667 units of Ares Management Corp stock on 4 December 2020 worth over $54,453,361. Inflation, a hawkish Fed, fears of a recession have all made 2022 a tough environment for investing. 84 Likes, 1 Comments - Michael Hollick (@mikehollick) on Instagram: "What an awesome week and celebration for my dads 70th So awesome to spend time with our family" Learn More on Michael J. Arougheti's trading history. And, myself included, that can often be very hard to do you tend to create boundaries between your work self and your home self. I was surprised at how quickly people could transition to working remotely. 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. 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. That happens when you surround yourself with the best people, trust them, and lead alongside them neither from the front nor the back. 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. Michael's mailing address filed with the SEC is 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES, CA, 90067. Learn More on Michael J. Arougheti's trading history. (Photo by Matt Winkelmeyer/Getty Images) Coogler, who has . It's just waiting for the market to really open up to be more aggressive. 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. 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 -.
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