Ares Management Corp (NYSE:ARES)
$ 145.6 -1.06 (-0.72%) Market Cap: 28.35 Bil Enterprise Value: 42.81 Bil PE Ratio: 65.29 PB Ratio: 14.65 GF Score: 79/100

Ares Management Corp at Bank of America Merrill Lynch Financials CEO Conference Transcript

Sep 21, 2023 / 10:30AM GMT
Release Date Price: $104.74 (-1.43%)
Craig William Siegenthaler
BofA Securities, Research Division - MD & Head of the North American Asset Managers, Brokers & Exchanges Team

Good morning, everyone. I'm very pleased to introduce Michael Arougheti. Michael is the CEO, Co-Founder and the Director of Ares Management. Five years ago, Ares managed a little over $100 billion of AUM, and now it's almost $400 billion. Ares ranks #1 in private credit globally, which is arguably the hottest asset class in private markets right now. And Mike is also one of the most respected CEOs in the industry, especially given Ares' performance over the last few years. People those are buying think it's best positioned within the credit cycle and secular growth of private markets. We also have Ares' CFO, Jarrod Phillips; and Director of IR, Carl Drake, in the room here, too. Guys, thank you all for joining us. Welcome to London. And before we get started, Mike, any opening comments?

Michael J. Arougheti
Ares Management Corporation - Co-Founder, CEO, President & Director

No. Just really happy to be here to

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