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Ares Management Corp - ARES STOCK NEWS

Welcome to our dedicated news page for Ares Management (Ticker: ARES), a resource for investors and traders seeking the latest updates and insights on Ares Management.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Ares Management's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Ares Management's position in the market.

Rhea-AI Summary
Ares Management Corporation (ARES) announced the integration of its Special Opportunities strategy into the Credit Group, forming the Opportunistic Credit team. This move aims to enhance collaboration, leverage the firm's global Credit platform, and provide flexible debt and equity solutions to companies. Co-Heads Aaron Rosen and Craig Snyder will lead the team, focusing on creative financing for middle market companies. The strategy's integration is expected to optimize origination capabilities, sponsor relationships, and underwriting practices. As of December 31, 2023, the Ares Credit Group managed approximately $300 billion in assets with 490 investment professionals.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.45%
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Rhea-AI Summary
Ares Management Corporation's CEO, Michael Arougheti, will present at the BofA Securities Banking and Financials Conference on February 22, 2024. The presentation will be available via live audio webcast on the company's website.
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Rhea-AI Sentiment
End-of-Day
-0.16%
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conferences
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Rhea-AI Summary
Interstate Waste Services, Inc. announces the acquisition of Oak Ridge Waste & Recycling to expand its waste collection and recycling services in the tristate area. The acquisition follows IWS's subsidiary, Action Environmental, being selected as an authorized waste hauler in NYC, positioning IWS for significant growth. The deal is expected to close by Q1 2024.
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Rhea-AI Sentiment
End-of-Day
0.26%
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acquisition
Rhea-AI Summary
Ares Management Corporation announced that funds managed by its Credit Group closed approximately $10.1 billion in U.S. direct lending commitments in the fourth quarter of 2023 and approximately $22.4 billion in direct lending commitments in the year ended December 31, 2023. The company served as the administrative agent, lead arranger, and bookrunner for various senior secured credit facilities to support acquisitions and continued growth plans of multiple companies across different sectors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.2%
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Rhea-AI Summary
Ares Management Corporation (NYSE:ARES) reported strong financial results for Q4 and FY 2023, with GAAP net income of $174.0 million and $474.3 million, respectively. After-tax realized income was $400.4 million and $1,185.7 million, respectively. Fee related earnings were $368.7 million and $1,163.7 million, respectively. The company raised $21 billion in Q4 and over $74 billion for the year, with a record level of available capital of $111 billion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.2%
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earnings
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Rhea-AI Summary
Ares Capital Corporation (ARCC) declared a first quarter 2024 dividend of $0.48 per share, payable on March 29, 2024. The company's Q4-23 financial results show GAAP net income per share of $0.72, with a total amount of $413 million, and a debt/equity ratio of 1.07x. Ares Capital also strengthened its liquidity by raising $1.3 billion of unsecured notes on market-leading terms.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.25%
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dividends earnings
Rhea-AI Summary
Ares Capital Corporation (ARCC) declared a first quarter 2024 dividend of $0.48 per share, payable on March 29, 2024. The company's Q4-23 financial results show GAAP net income per share of $0.72, with a total amount of $413 million, and a debt/equity ratio of 1.07x. Ares Capital also strengthened its liquidity by raising $1.3 billion of unsecured notes on market-leading terms.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.46%
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dividends earnings
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Rhea-AI Summary
Ares Management Corporation (NYSE: ARES) announced the promotion of Julie Solomon to Co-Head of Real Estate alongside Bill Benjamin. Ms. Solomon has been instrumental in driving growth and integration of the team’s portfolio management function, data and analytics infrastructure, and fundraising efforts. The Ares Real Estate team oversees approximately $49 billion of assets under management and has more than 250 investment professionals across sixteen local offices in core markets in the U.S. and Europe.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.29%
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management
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Rhea-AI Summary
Ares Private Equity Fund has invested in Automated Industrial Robotics Inc. (AIR) to support its growth strategy. AIR has acquired TA Systems and Modular Automation, focusing on delivering innovative, cost-competitive solutions to address the complex needs of global businesses. The companies bring a strong cultural and technological alignment, deep industry vertical knowledge, and experience. Ares believes that AIR is well-positioned to build a competitive global platform through strategic acquisitions and organic growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.72%
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Rhea-AI Summary
Sunbit, a financial technology company, secured a $310 million debt warehouse facility to support growing consumer demand for its Buy Now, Pay Later solution and Sunbit Card. The facility was led by Citi and Ares Management Credit funds. The company has achieved rapid growth, serving over 2.6 million loan customers with over $1 billion in merchant transaction volume. Sunbit is the leader in BNPL financing in the automotive services sector, serving customers of approximately 40% of the franchise dealerships in the U.S. and is one of the fastest-growing companies serving the dental market. The no-fee Sunbit Card was used for nearly $340 million in purchases by over 110,000 consumers in 12 months. The company has a strong focus on offering inclusive and personalized financing choices, with an average 90% approval rate and no fees charged. Sunbit's financial performance and strong underwriting led to the facility from Citi and Ares, despite ongoing macro headwinds and caution prevalent in the capital markets.
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Rhea-AI Sentiment
End-of-Day
-0.99%
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Ares Management Corp

NYSE:ARES

ARES Rankings

ARES Stock Data

40.11B
171.18M
17.12%
79.19%
1.58%
Investment Advice
Finance and Insurance
Link
US
Los Angeles

About ARES

ares management, l.p. is a publicly traded, leading global alternative asset manager with approximately $106 billion of assets under management,* and more than 15 offices in the united states, europe, asia and australia.* since its inception in 1997, ares has adhered to a disciplined investment philosophy that focuses on delivering strong risk-adjusted investment returns throughout market cycles. ares believes each of its distinct but complementary investment groups in credit, private equity and real estate is a market leader based on assets under management and investment performance. ares was built upon the fundamental principle that each group benefits from being part of the greater whole. for more information, please visit www.aresmgmt.com. * as of december 31, 2017, aum amounts include funds managed by ivy hill asset management, l.p., a wholly owned portfolio company of ares capital corporation and a registered investment adviser.