Ares Management Corporation

Last price update: 20 Nov 24 23:00 GMT

Price:
$171.89
Open:
$171.53
Previous close:
$170.35
Day's range:
$169.44 - $172.64
Year's range:
$107.69 - $175.74
Net Income per Share:
2.20
Price-to-Earnings ratio:
78.13
52-week Price Range:
$161.30
Volume:
$1,292,956.00
Average volume:
$1,194,196.00

Company profile for Ares Management Corporation

Ares Management Corporation logo

Ares Management Corporation is a publicly traded alternative asset manager headquartered in Los Angeles, California. Founded in 1997, the company operates in the United States, Europe, and Asia and provides investment management services to institutional investors, retail investors, and other entities. The company has three main segments: Tradable Credit Group, Direct Lending Group, and Private Equity Group.

The Tradable Credit Group is the largest segment of Ares Management Corporation, managing various types of investment funds, such as commingled and separately managed accounts for institutional investors, and publicly traded vehicles and sub-advised funds for retail investors in the tradable and non-investment grade corporate credit markets.

The Direct Lending Group provides financing solutions to small-to-medium sized companies. This segment provides customized financing solutions to companies in the form of senior loans, subordinated debt, and equity co-investments.

The Private Equity Group focuses on majority or shared-control investments primarily in under-capitalized companies. This segment seeks to partner with entrepreneurs and business owners to help them grow their businesses and create value.

The Real Estate Group invests in new developments and the repositioning of assets, with a focus on control or majority-control investments. This segment also originates and invests in a range of self-originated financing opportunities for middle-market owners and operators of commercial real estate.

Ares Management Corporation is led by its Chairman and CEO, Michael Arougheti, who has been with the company since its founding in 1997. The company has grown significantly since its inception, with assets under management increasing from $2.2 billion in 2007 to over $144 billion in 2020. The company also has over 1,000 employees located in offices across the United States, Europe, and Asia.

Stock exchanges:
NYSE
Sector:
Financial Services
Industries:
Asset Management
Ticker:
ARES
CIK:
1176948
ISIN:
US03990B1017
Website:
https://www.aresmgmt.com
Phone:
310-201-4100
Origin:
United States
Employees:
2,238