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 Corporation (NYSE: ARES), a global leader in alternative asset management, provides investors with timely updates through this centralized news hub. Track official announcements, strategic developments, and market-moving insights across the company's credit, private equity, and real estate investment activities.
This resource delivers essential information for monitoring ARES' operational milestones, including earnings reports, fundraising initiatives, and strategic partnerships. Users gain access to verified updates on regulatory filings, leadership changes, and portfolio company developments within the $325+ billion asset manager's ecosystem.
Key coverage areas include innovations in credit strategies, real asset acquisitions, and global market expansions. The curated news feed supports informed analysis of ARES' performance across its integrated investment groups while maintaining strict adherence to factual reporting standards.
Bookmark this page for streamlined access to Ares Management's evolving narrative. Combine these updates with fundamental analysis tools to assess the company's position in alternative investment markets.
Ares Capital (NASDAQ: ARCC) announced financial results for Q2 2024 and declared a Q3 2024 dividend of $0.48 per share. Key highlights include:
- GAAP net income of $0.52 per share
- Core EPS of $0.61, up from $0.58 in Q2 2023
- Net investment income of $358 million ($0.58 per share)
- Portfolio investments at fair value increased to $24.97 billion
- Made new investment commitments of $3.9 billion
- Maintained a stable debt-to-equity ratio of 1.06x
The company reported strong year-over-year growth in Core EPS and net asset value per share, driven by increased investment activity and solid credit fundamentals.
Ares Management has announced its schedule for reporting earnings for the second quarter ending June 30, 2024. The earnings report will be released on Friday, August 2, 2024, before the New York Stock Exchange opens. On the same day at 11:00 a.m. Eastern Time, the company will hold a webcast and conference call to discuss the financial results. Interested parties can participate via telephone or a live webcast, accessible through the company's website. An archived replay of the call will be available until September 2, 2024, through both telephone and the company's website.
Unrivaled Sports has announced a strategic investment in SNÖBAHN, a leading indoor action sports center, to expand its reach. The investment accompanies another by Ares Management, joining renowned names like Shaun White and Bode Miller. The initiative aims to develop SNÖBAHN's innovative facilities, which include revolving slopes and trampoline freestyle areas, into new markets. Unrivaled Sports co-founders Josh Harris and David Blitzer, along with Ares, plan to make snowboarding, skiing, and other action sports more accessible nationwide. SNÖBAHN's newest Thornton, Colorado facility opened in March 2024. The company is holding annual summer camps through mid-August. The combined efforts of Unrivaled Sports, Ares, and SNÖBAHN promise to revolutionize action sports training and participation in non-mountainous regions.
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) for Aspida Life Insurance Company and Aspida Life Re , collectively known as Aspida Group. Both ratings have a stable outlook, reflecting the group's very strong balance sheet, adequate operating performance, and effective enterprise risk management. Significant support from Ares Management and third-party investors is expected to help Aspida Group execute its growth strategies in reinsurance and retail sectors. AM Best anticipates positive operating trends and maintained capital strength with increasing returns on capital over the near to medium term.
RSK Group announced a £500 million preferred equity investment from a consortium led by Searchlight Capital Partners and Ares Management funds. An additional £300 million debt facility from Ares brings their total available debt facilities to £1.4 billion. This investment will support RSK's 2030 Global Strategy, including organic growth and acquisitions. Founded in 1989, RSK provides environmental consulting and engineering solutions across various sectors. The new partnership aims to strengthen RSK's position as a global leader in sustainability solutions. CEO Alan Ryder and representatives from Searchlight and Ares expressed their enthusiasm for the strategic partnership and its potential to drive long-term growth and sustainability initiatives.
Ares Management (NYSE: ARES) has announced the pricing of its public offering of 2,650,000 shares of Class A common stock at $134.75 per share.
The company has also granted the underwriters an option to purchase an additional 397,500 shares. The offering is expected to close on or around June 14, 2024, pending customary closing conditions.
Ares plans to use the proceeds for general corporate purposes including debt repayment, strategic acquisitions, and growth initiatives. A registration statement has been filed with the SEC and is effective.
The offering will be conducted via a prospectus, available on the SEC's website or by contacting Morgan Stanley.
Ares Management (NYSE: ARES) has announced an underwritten public offering of 2,650,000 shares of Class A common stock. The company has also granted the underwriters an option to purchase an additional 397,500 shares. The net proceeds from this offering will be used for general corporate purposes, including debt repayment, strategic acquisitions, and growth initiatives. The offering is being managed by Morgan Stanley, BofA Securities, J.P. Morgan, RBC Capital Markets, and Wells Fargo Securities. A registration statement has been filed with the SEC and is effective. The offering will be made via a preliminary prospectus supplement and accompanying prospectus, both of which can be accessed through the SEC's website.
Ares Management (NYSE: ARES) announced that Chief Financial Officer Jarrod Phillips will present at the Morgan Stanley US Financials, Payments & CRE Conference on June 11, 2024, at 10:15 am ET.
The presentation will be available via a live audio webcast on the Ares Investor Resources webpage, with a replay accessible later. This presence at a significant financial conference highlights Ares' strategic outreach and engagement with key industry stakeholders.
Ares Management (NYSE:ARES) announced that CFO Jarrod Phillips will present at the TD Financial Services & Fintech Summit on June 6, 2024, at 3:40pm ET.
The presentation will be accessible via a live audio webcast on the company's Investor Resources webpage, with a replay available afterward.
This event provides an opportunity for Ares to showcase its financial strategies and innovations in the fintech sector, potentially influencing investor perception and stock performance.
Ares Management (NYSE:ARES) announced that its CEO and President, Michael Arougheti, will present at Bernstein's 40th Annual Strategic Decisions Conference on May 29, 2024, at 2:30 pm ET.
The presentation will be available via a live audio webcast in the Investor Resources section of the company's website.
A replay will also be accessible on the website for those unable to attend the live webcast.
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