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.
Ares Management Corporation (NYSE: ARES) announced that CEO Michael Arougheti will speak at the Bernstein 38th Annual Strategic Decisions Conference on Thursday, June 2, 2022, at 2:30 PM ET. Investors can access a live audio webcast of the presentation on the company's website, with a replay available afterward. Ares Management, a global alternative investment manager, manages approximately $325 billion in assets as of March 31, 2022, and operates across North America, Europe, Asia Pacific, and the Middle East.
CION Investments announced a record raise of $390 million for the CION Ares Diversified Credit Fund (CADC) in Q1, boosting total managed assets to $3.1 billion. Co-CEO Michael A. Reisner attributed this success to the Fund’s floating rate strategy and investor demand for credit alternatives. The CADC employs a dynamic asset allocation framework targeting superior risk-adjusted returns across market cycles. CION aims to provide individual investors accessible alternative credit investments without high minimums or long lock-up periods.
Ares Management Corporation (NYSE: ARES) reported a successful first quarter in 2022, closing approximately
Ares Management Corporation (NYSE: ARES) reported a GAAP net income of $45.9 million for Q1 2022, marking $0.24 per share. The company's after-tax realized income was $206.7 million, with fee-related earnings reaching $205.7 million, reflecting a 59% year-over-year growth. Ares raised $13.7 billion in gross capital and has $92 billion of available capital for investment. A quarterly dividend of $0.61 per share was declared, payable on June 30, 2022.
Ares Capital Corporation (NASDAQ: ARCC) declared a Q2 dividend of $0.42 per share, payable on June 30, 2022. Additionally, an extra dividend of $0.03 will also be distributed on the same date, already approved on February 9, 2022. For Q1 2022, Ares reported a core EPS of $0.42 and GAAP net income per share of $0.44, down from $0.43 and $0.87 in Q1 2021, respectively. Net investment income rose to $198 million. As of March 31, 2022, total portfolio investments stood at $19.486 billion, with a debt/equity ratio of 1.13x.
Annaly Capital Management (NYSE: NLY) has signed an agreement to sell its Middle Market Lending portfolio to Ares Capital Management (NYSE: ARES) for approximately $2.4 billion. This sale includes most of the Company’s Middle Market Lending assets and is seen as a strategic move to sharpen focus on its core housing finance strategy. The transaction is expected to enhance Annaly’s book value, while having negligible effects on earnings and dividends. Proceeds will be used to repay financing facilities and acquire targeted assets. Completion is anticipated by Q2 2022.
Ares Management Corporation has announced its agreement to acquire a Middle Market Lending portfolio from Annaly Capital Management for approximately $2.4 billion. This acquisition aims to enhance Ares' position in direct lending by adding a diversified borrower base of upper middle-market companies. Ares’ Credit Group expects significant advantages in deal sourcing and investor returns due to overlapping investments and existing sponsor relationships. The transaction is anticipated to close by the end of Q2 2022, subject to customary conditions.
Touchstone Investments has rebranded its Touchstone Credit Opportunities Fund to the Touchstone Ares Credit Opportunities Fund, reflecting a long-standing partnership with Ares Management Corporation (NYSE: ARES). The Fund aims to provide current income and capital appreciation by investing across various credit asset classes while actively managing portfolio risks. Notably, the Fund will now declare dividends on a monthly basis, starting April 2022. The investment strategies remain unchanged, maintaining a focus on global debt instruments and relative value opportunities.
johnnie-O has successfully closed a $108 million investment from Wasatch Global Investors and Ares Management Corporation. This funding aims to support johnnie-O’s growth and enhance its brand, which has seen over 80% sales and EBITDA growth in 2021. The investment reflects confidence in johnnie-O’s premium lifestyle offerings and its expansion plans across various retail channels. Wasatch and Ares now hold a minority stake in the company, marking a significant step in broadening its investor base.
FAQ
What is the current stock price of Ares Management Corporation (ARES)?
What is the market cap of Ares Management Corporation (ARES)?
