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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
X-energy and Ares Acquisition Corporation have mutually agreed to terminate their business combination agreement. X-energy received strong interest from potential investors but decided not to proceed with the transaction due to challenging market conditions. X-energy will continue as a private company and receive a private investment from an affiliate of Ares Management Corporation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.79%
Tags
acquisition
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Rhea-AI Summary
Ares Management Corporation closed approximately $6.1 billion in new commitments in Q3 2023 and $20.6 billion in the last twelve months. They completed 53 transactions in Q3 and 189 transactions in the last twelve months. Ares served as the administrative agent, joint lead arranger, and joint bookrunner for various credit facilities to support the growth plans and acquisitions of companies like Absolute Software, ATI Restoration, Finastra, Hanger Inc., Hyland Software, Keter & Waste Harmonics, Modigent, PracticeTek, Prime Capital, Priority Waste, and Simtra BioPharma Solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.79%
Tags
none
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Rhea-AI Summary
Ares Management Corporation reported its financial results for Q3 2023, with GAAP net income of $61.8 million and after-tax realized income of $261.1 million. Fee related earnings were $274.2 million. The company declared a quarterly dividend of $0.77 per share and has a Dividend Reinvestment Program. Ares had its second highest ever quarter of fundraising with gross new commitments totaling nearly $22 billion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.79%
Tags
earnings
Rhea-AI Summary
Ares Management Corporation has announced the final closing of Ares Pathfinder Fund II, L.P. and Ares Pathfinder Fund II (Offshore), L.P. at $6.6 billion in commitments. The Fund was oversubscribed and closed at its hard cap, exceeding its $5 billion target. The predecessor fund had total commitments of $3.7 billion. The Ares Alternative Credit strategy manages approximately $27.8 billion in assets under management. The Pathfinder family of funds has raised approximately $15 billion in LP commitments with a charitable tie-in.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.58%
Tags
none
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Rhea-AI Summary
Interstate Waste Services announces that funds managed by Ares Management Corporation will acquire a significant equity stake in the company. IWS also completes a debt recapitalization with a new first-lien term loan. Terms of the transactions were not disclosed.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.38%
Tags
none
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Rhea-AI Summary
Ares Capital Corporation has declared a fourth quarter 2023 dividend of $0.48 per share, payable on December 28, 2023. The company also announced its financial results for Q3-23, with GAAP net income per share of $0.89 and core EPS of $0.59. Total assets as of September 30, 2023, were $22,920 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.96%
Tags
dividends earnings
Rhea-AI Summary
Ares Capital Corporation has declared a fourth quarter 2023 dividend of $0.48 per share, payable on December 28, 2023. The company also announced its financial results for Q3-23, with GAAP net income per share of $0.89 and core EPS of $0.59. Total assets as of September 30, 2023, were $22,920 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.38%
Tags
dividends earnings
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Rhea-AI Summary
Ares Wealth Management Solutions launches AESIF, a new direct lending fund providing access to Ares' European direct lending strategy for individual investors in Europe and Asia.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.54%
Tags
none
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Rhea-AI Summary
Ares and Vinci Partners form strategic partnership to accelerate growth in Latin America
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.07%
Tags
partnership
Rhea-AI Summary
Ares Management Corporation will report Q3 2023 earnings on October 31, 2023. Webcast/conference call at 11:00 a.m. ET. Archived replay available until November 28, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.35%
Tags
earnings
Ares Management Corp

NYSE:ARES

ARES Rankings

ARES Stock Data

41.52B
188.54M
16.71%
77.97%
1.24%
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.