Todd Michael Glaser and Rony Seikaly developed the Sunset Island IV mansion and sold it to the Frankels. Mr. Arougheti received a B.A. And I will never forget it. Mr. Arougheti received a B.A. See above for full video.). Michael Arougheti Co-Founder, CEO and President at Ares Management New York, New York, United States 7K followers 377 connections Join to follow Ares Management Corporation Yale University. What makes us and any organization special is culture. What makes our culture special is that its deeply rooted in partnership, in entrepreneurialism, in growth mindset. Three. 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. He tipped the scale of HOPE for me, on several occasions. When expanded it provides a list of search options that will switch the search inputs to match the current selection. He is a member of the Ares Executive Management Committee and the firms Management Committee. This is going to be top of mind for a lot of leaders this year and, I think, into next. He served two terms as Mayor of Atlanta, one of the fastest growing cities in the world. But there are echoes of the past. All of the cultural initiatives that we were executing on accelerated. Michael's mailing address filed with the SEC is 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES, CA, 90067. Michael Arougheti is co-founder, chief executive officer and president, as well as a director of Ares Management Corp. If you turn your attention to Europe, in certain parts of Asia, the story might be different. What I continue to learn every time I delegate and trust, every time we give somebody a part of the business to run and hold accountable for success, is it just turbocharges the growth here. Mr. Arougheti is a Co-Founder of Ares and the Chief Executive Officer and President, as well as a Director of Ares Management Corporation. I LOVE this series!! The second thing on my mind is that managing in crisis is different than managing status quo. [BREAKING] New "Living Missile" to Replace Nuclear Missiles. When you talk about belonging, youre talking about being able to bring your authentic self to work. You take different risks along different time frames. We want to hear from you. And the thing is, they did it so casually. So when the markets get challenged, that's when our investment opportunity becomes the most attractive. Direct Lending and Pathfinder Investment Committees, the Ares Equity Income Opportunity Strategy Portfolio Review Committee and the Ares Sports, Media and Entertainment Investment Committee. by John Hope Bryant | Feb 28, 2022 | Bryant on Leaders and Leadership, John Hope Bryant Authored, Operation HOPE. Michael and I met casually, but our bond as brothers and friends, early on, was anything but casual. It's somewhat counter cyclical. Mike Arougheti, Ares Management LLC: Profile and Biography - Bloomberg Markets Live Now Bloomberg TV+ Bloomberg Markets The Close Romaine Bostick breaks down the day's top stories and trading. 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. A traditional portfolio of stocks and bonds is deeply in the red, leaving investors to seek diversity elsewhere. Picker: Are you surprised by that? And, myself included, that can often be very hard to do you tend to create boundaries between your work self and your home self. 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. 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. They sold a total of 6,394,959 shares worth more than $255,128,106.92. 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. And thats required if you want to see change happen and you want to see it happen quickly and sustainably. Direct Lending and Pathfinder Investment Committees, the Ares Equity Income Opportunity Strategy Portfolio Review Committee and the Ares Sports, Media and Entertainment Investment Committee. Why do you think that is? But, he said as we were about to hang up, I dont ever want to take credit for the efforts and successes of others.. President of Ares at the time, he stood alone, observing the partygoers, content being a fly on the wall. in Ethics, Politics and Economics, cum laude, from Yale University. The Sunset Islands have emerged as a top neighborhood in Miami Beach, especially amid the pandemic. 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. 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. I tried my best to help him with his endeavors and dreams, and he (and his wife Nelly Bly) certainly leaned into mine. 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. 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. We had examined his road map for the year ahead. Chart Data in Insider Trading History Table. All Rights Reserved. . So I've been encouraged by that from an activity and deployment level. Ares Management co-founder and CEO Michael Arougheti bought the property, records show. Insiders at Ares Management own 47.4% of the company. Arougheti: For us and others that look like us, it's been as good as we've seen in quite some time. in Ethics, Politics and Economics, cum laude, from Yale University. Over the next several years, I covered Aress IPO, its deals, and Aroughetis ascension to CEO in 2018. CINCINNATI (WXIX) - Former Notre Dame All-American tight . Trusted by millions of genealogists since 2003. 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. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Michael J. Arougheti has not been actively trading shares of Ares Management during the past quarter. My sense is that in this new administration, we will see more. Convicted. For me. 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. Mr. Arougheti also is a member of the Ares Credit Group's U.S. Following the completion of the sale, the chief executive officer now directly owns 470,138 shares of the company's stock, valued at $39,971,132.76. The firm now oversees $197 billion. When expanded it provides a list of search options that will switch the search inputs to match the current selection. They did this three times. 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 then surprisingly, when the private markets slow, you usually see public markets challenged as well. 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. 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. The Private Equity Group segment manages shared control investments in corporate private equity funds. 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. "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." 2023 CNBC LLC. Similarly, our clients the folks who allocate capital to us are holding us accountable for change. In addition, he makes $12,665,700 as President, Chief Executive Officer, Co-Founder, and Director at Ares Management Corp. Michael has made over 55 trades of the Ares Management Corp stock since 2008, according to the Form 4 filled with the SEC. After catching up for an hour recently, tackling a slew of questions and meaty subjects, Mike Arougheti had a question for me. 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. The New York Times Reports: "No existing defense can stop it." Join the conversation with your own take on these topics in the comments below. 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. Learn More on Michael J. Arougheti's trading history. Arougheti:You have to look at it on a relative basis. I think that capital will get raised, I think it will just take a little bit longer. A Division of NBCUniversal. 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. A dream planted, but not much more. And one small company is building them for the Pentagon! Get notified the next time Michael J. Arougheti buys or sells Ares Management stock. Mr. Arougheti owns 470,138 shares of Ares Management stock worth more than $39,077,871 as of March 4th. The investment management firm has about $325 billion of assets under management, according to its website. One of the reasons is we're one of the largest private credit managers 90% of our private credit exposures are floating rate. And kind. 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 previously occupied the position of Principal at Royal Bank of Canada and Managing Partner-Principal Finance Group at RBC Capital Partners Ltd. (a subsidiary of Royal Bank of Canada), Principal at Onyx Partners, Inc., Executive Vice President at Columbia Savings & Loan Association (Milwaukee, Wisconsin), Member-Mergers & Acquisitions Group at Kidder, Peabody & Co., Inc., Principal at Taylor & Co. Law Offices LLP, Co-Chairman for ACRE Capital LLC, Director at Evercom, Inc., Director at Imperial Capital LLC and Principal at Indosuez Capital. 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. 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. Theres always this debate about whats more important, culture or strategy. When you get to a certain size as an organization, you have to appreciate that you inspire different people differently. Mr. Arougheti also is a member of the Ares Credit Groups U.S. Michael Arougheti took the reins of alternative-asset manager Ares Management on Jan. 1, 2018. Michael has a reported annual income of $100 - 149,999 and a current net worth value of greater than $250,000 - $499,999. Mr. Arougheti is a Co-Founder of Ares and the Chief Executive Officer and President, as well as a Director of Ares Management Corporation. When you look at the economy, its a tale of two cities. Russia's war on Ukraine latest: Putin casts war as battle for nation's survival, India FM Jaishankar says Soros dangerous, debate needed on democracy, Buffett's Berkshire profit falls on investments, currencies, Bill Gates buys Heineken stake, despite saying he's 'not a big beer drinker', Elon Musk recruits team to develop OpenAI rival - The Information, Hedge fund manager Chris Hohn demands Airbus drop Atos deal - letter, Elon Musk's challenge: Stay ahead of the competition, ISS urges Apple shareholders to vote for CEO Tim Cook, other execs' pay packages, Elon Musk accuses media of racism after newspapers drop 'Dilbert' cartoon, French media billionaire Niel fails with bid for TNT television frequence - Arcom. The Real Estate Group segment provides debt, mortgage loans, and equity capital to borrowers, property owners, and real estate developers. And that opportunity to deploy lasted maybe three weeks. Picker: So that would imply that fundraising is a bit more challenging as well in PE? 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. Dismiss. 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. 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. We want to hear from you. Picker: So how would you characterize the credit quality within your portfolio right now? Last year, Los Angeles-based Ares made a $150 million preferred equity investment in Inter Miami CF. And to oversimplify what's a complex series of global flows, it really comes down to a global desire for durable yield. Michael Arougheti is 47, he's been the President, Chief Executive Officer, Co-Founder, and Director of Ares Management Corp since 2018. What it really highlighted for me was the importance of being flexible. 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. What about the companies that are seeking that type of financing? 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. 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? I have worked with Ares over the years (and some of their predecessors), and invariably, the interactions have been very professional and thoughtful. So that in and of itself is not surprising. Randy Frankel, a former managing director at Goldman Sachs, and his Wall Street partners acquired the baseball team the Tampa Bay Rays in 2004. Mr. Arougheti is a Co-Founder of Ares and the Chief Executive Officer and President, as well as a Director of Ares Management Corporation. Its a pretty unique set of circumstances. Recent buyers of multimillion-dollar homes in South Florida, including Miami Beach and Palm Beach, have been able to flip their properties for big profits due to heightened demand. That comes with a broader view into different parts of the world and different parts of the organization. I kind of laugh at that because culture and strategy go hand in hand. Yes, I did the work, and I did a great deal of the building, but everything has a start. Michael B. Jordan attends the Hollywood Walk Of Fame Star Ceremony honoring Michael B. Jordan on March 1, 2023, in Hollywood, California. And so we're also seeing increasing demand for things like real assets and private equity. Love and authenticity tends to have that effect on people. 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. 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. I think Ive become a more patient leader. Picker: As you digest all of that, do you think it's possible to avoid a hard landing? Dismiss. 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. 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? 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. 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: Its very rewarding. 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. They did it, because thats simply who they are. Times. He is a member of the Ares Executive Management Committee and the firm's. 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. 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. I think what was true for a lot of organizations was folks believed in the importance of DE&I and ESG, they were passionate about it, but organizationally it had not become a top priority. 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. It required thinking a lot more holistically. (Clickhereto subscribe to the Delivering Alpha newsletter.). 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. Learn More on Ares Management's active insiders. Jobs People Learning Dismiss Dismiss. I think that's a reflection of the nature of our business. Arougheti: Well, this is like something we haven't seen before. Its accelerated, the participation is broader, and added to that is a heightened sense of urgency. Michael J. Arougheti serves as President, Chief Executive Officer, Co-Founder, Director of the Company. 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. 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 -. But today, I wanted to give just that credit. This tale of two cities is going to be the framework to think about the recovery. So we're giving a little bit back in the private flow. Arougheti: Yes and no. But at the same time, it was probably the most rewarding. Whitepages people search is the most trusted directory. Learn More on Ares Management's active insiders. Arougheti: Yes, and no. I think many managers got accustomed to very quick fundraisers and I think they got accustomed to fundraisers happening prior to return of money. Got a confidential news tip? 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 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. Most recently, Michael J. Arougheti sold 2,983 shares of the business's stock in a transaction on Thursday, November 10th. The . Thats the good news and the bad news. Direct Lending and Pathfinder Fund Investment Committees, the Ares Equity Income Opportunity Strategy Portfolio Review Committee and the Ares Operations Management Group. In addition to that, something thats been true my whole career but Ive come to appreciate lately is just how important it is to build high-quality teams. 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. And if I didnt say this here, now, I guess no one would ever know. 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%. All of the things that we were embarking on around business development accelerated. 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"). But when you go remote, youre effectively letting everybody into your home, whether thats the sights or sounds or just the challenges. And I think that's true for the publicly traded markets as well. 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. It's just waiting for the market to really open up to be more aggressive. Just life family. Of having a willingness to try new things. Mr. Arougheti is a Co-Founder of Ares and the Chief Executive Officer and President, as well as a Director of Ares Management Corporation. omg. The move comes as Ares business becomes more complex and larger with $106bn assets under management in real estate, private equity and . Tue, Mar . It was designed by Domo Architecture + Design and includes a guest house, cabana and pool. Its been such an interesting year because in so many ways, it was probably one of the most challenging of my career. And then it will, it will pick back up again. 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. Mr. Arougheti also is a member of the Ares Credit Group's U.S. 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. 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.. 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. 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. It's also a reflection, I think of the investors understanding that embedded value that sits in our private credit portfolios. We're not having that experience. Find the names and birth dates of Arougheti family members, different addresses of residence, family members' occupations as well as death and burial information. View phone numbers, addresses, public records, background check reports and possible arrest records for Michael Arougheti. Leslie Picker:How long do you think these tailwinds for your business will last? Mr. Arougheti received a B.A. A beginning. 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. For me. Michael Arougheti Expand search. All Rights Reserved. There is a big difference between June and September in terms of a reopening and increased mobility. Thats not how leadership is classically trained. Dismiss. 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. How is that easier than to digest? CBS News Reports: "It's an entirely new type of weapon." There are 13 older and 6 younger executives at Ares Management Corp. We had explored the roller coaster of emotions and urgent steps induced by the COVID-19 pandemic. 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. And it's moving around a little bit, right. Arougheti:Yeah, we're already seeing the pipeline start to build into the end of the year. 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. So one of the ways we can express a view on the market is by not investing. 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. Most recently he sold 9,400 units of ARES stock worth $799,376 on 11 November 2022. Mr. Arougheti was instrumental in the growth of Ares. Michael Arougheti Mr. Arougheti is a Co-Founder of Ares and has served as a Director and the President of Ares Management since 2014. Sometimes all you can do is throw them a life jacket and say swim as hard as you can !. Last updated: 2 February 2023 at 9:52pm EST. Frankel is also a real estate investor and owner of wineries and restaurants. Thats when leadership is most rewarding. Last month, Reed Smith attorney Constantine Karides paid $17.3 million for a waterfront home on Sunset Island I. (Photo by Matt Winkelmeyer/Getty Images) Coogler, who has . 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. Among leaders of the major alternative-asset managers think Blackstone, Apollo, Carlyle, KKR Arougheti is the understated, cerebral CEO. So you know, each cycle is different. 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. 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 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.
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