Welcome to our dedicated page for Ares Management Corporation news (Ticker: ARES), a resource for investors and traders seeking the latest updates and insights on Ares Management Corporation stock.
Ares Management generates news across multiple dimensions of alternative asset management. Fund closing announcements reveal the firm's ability to raise institutional capital for new credit, private equity, and real estate vehicles, directly impacting future management fees and growth trajectory. These capital raises signal investor confidence in Ares' investment strategies and market positioning within the competitive alternative asset management landscape.
Quarterly earnings releases detail assets under management trends, fee revenue growth, and carried interest realizations as portfolio investments mature and generate returns. For alternative asset managers, earnings often include supplemental metrics like fee-earning assets under management, fundraising pipeline activity, and deployment rates that help assess business momentum beyond traditional GAAP earnings.
Strategic acquisition announcements occur when Ares purchases other investment firms or specialty managers to expand into new strategies, acquire investment talent, or enter additional geographic markets. These transactions reshape the firm's product mix and competitive positioning. Partnership announcements with corporations, infrastructure projects, or real estate developers indicate new deployment opportunities for Ares' capital across energy transition, digital infrastructure, and other thematic investment areas.
Conference presentations and investor day events provide management commentary on market conditions affecting credit spreads, private equity valuations, and real estate fundamentals. Regulatory developments impacting non-bank lenders, business development companies, or alternative investment vehicles can materially affect Ares' business model and operating environment. This news coverage delivers the information institutional investors, financial advisors, and individual shareholders need to track one of the major publicly traded alternative asset managers.
Valet Living is providing a year of free amenity services to nominated veterans and military members in San Antonio through its Valet Giving Heroes program. This initiative supports veterans with services like home cleans and pet visits, reflecting Valet Living's commitment to the military community. The program has seen an increase in nominations and aims to alleviate household chore fatigue, which affects many military members. Valet Living, backed by Ares Management, serves over 1.6 million apartment homes nationwide.
Ares Management Corporation (NYSE: ARES) announced significant financing commitments, closing approximately $2.0 billion across 31 transactions in Q3 and $6.4 billion across 95 transactions year-to-date. Key deals include senior secured credit facilities supporting investments in companies like American Technologies, Inc. and EP Wealth Advisors. Ares continues to enhance its presence across various sectors including disaster recovery, financial services, and renewable energy, reflecting its robust investment strategy and commitment to growth.
Ares Management Corporation (NYSE: ARES) reported strong financial results for Q3 2020, with a GAAP net income of $47.5 million, translating to $0.27 per Class A share. After-tax realized income reached $134.1 million, or $0.48 per share, alongside fee-related earnings of $106.8 million. The firm experienced a 24% increase in assets under management, driven by robust fundraising efforts. A quarterly dividend of $0.40 per share will be paid on December 31, 2020. Ares is optimistic about continuing growth in fee-related earnings attributed to its scale and existing opportunities.
Ares Management Corporation (NYSE: ARES) announced the appointment of Raj Krishnan as Partner and Chief Investment Officer of Ares Insurance Solutions (AIS). With over 25 years in insurance asset management, Krishnan joins from F&G Annuities & Life, where he managed a $28 billion portfolio. His role will include overseeing investment management for over 100 insurance clients and supporting Aspida Holdings’ acquisition of F&G Reinsurance Ltd. This strategic move aims to strengthen Ares' asset management capabilities in the life and annuity market.
Ares Management Corporation (NYSE: ARES) will report its third quarter earnings on October 28, 2020, before the NYSE opens. A conference call is scheduled for the same day at 12:00 p.m. ET to discuss financial results. As of June 30, 2020, Ares Management had approximately $165 billion in assets under management, employing around 1,400 staff globally. The company emphasizes its integrated investment strategies across Credit, Private Equity, and Real Estate, aimed at delivering innovative solutions and attractive returns for investors.
Ares Management Corporation and its subsidiary Aspida Holdings announced an agreement for Aspida to acquire F&G Reinsurance Ltd., a reinsurer with approximately $2 billion in invested assets. This acquisition supports Aspida's growth strategy in the retirement market, aiming to provide customized insurance solutions. The transaction is expected to close in Q4 2020, subject to regulatory approvals, and is intended to be financially accretive. Key benefits include enhanced capital optimization and a strategic agreement with F&G to bolster growth.
Ares Management Corporation (NYSE:ARES) has appointed John Knox as Chairman for Australia & New Zealand of Ares SSG. Knox, with 25 years of experience, previously served as CEO of Credit Suisse Australia, overseeing its regional operations. His expertise will aid in expanding Ares’ business in these markets. Ares boasts approximately $165 billion in assets under management and has been expanding its presence in Asia Pacific, having made significant transactions such as acquiring SSG Capital Holdings. The leadership believes Knox's local knowledge will enhance investment opportunities.
On August 3, 2020, RENEW Energy Partners announced a partnership with private investment funds managed by Ares Infrastructure and Power to acquire energy efficiency and distributed power generation projects. This investment aims to enhance RENEW's 'energy-efficiency-as-a-service' offerings, which include retrofits for lighting and building automation, providing immediate cost savings and environmental benefits. Ares supports these projects, highlighting energy efficiency's importance in reducing greenhouse gas emissions and meeting sustainability targets. The collaboration adds to Ares' extensive climate infrastructure investments, totaling over $2.5 billion.
Valet Living has expanded its service offerings into Orlando, enhancing its portfolio to cover 100,000 homes nationwide. This growth establishes Valet Living as the fastest-growing full-service amenities provider in the multifamily sector. The Valet Living Home mobile app grants residents access to various services, supporting an 11% increase in resident retention. CEO Shawn Handrahan expressed excitement over the new offerings, which aim to simplify residents' lives. This expansion follows Valet Living's acquisition of Skinner Waste Solutions, highlighting its ongoing growth strategy.
Valet Living, a leading full-service provider to the multifamily housing industry, has acquired Extreme Waste Concepts, a Midland-Odessa-based local business specializing in doorstep trash collection. This acquisition, announced on July 21, 2020, enhances Valet Living's service offerings across the U.S., benefiting approximately 1.5 million apartment homes. CEO Shawn Handrahan emphasized the company's growth amidst the pandemic, and co-owner Bridget Cress expressed confidence in Valet Living's ability to maintain client service quality post-acquisition.
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