Welcome to our dedicated page for Ares Management news (Ticker: ARES), a resource for investors and traders seeking the latest updates and insights on Ares Management stock.
Ares Management Corporation reports developments across its global alternative investment management platform, including credit, real estate, private equity and infrastructure strategies. Company news commonly covers quarterly results, fee and performance income, fundraising, fund closings, direct lending origination activity and dividend declarations on its common stock.
Updates also track Ares Credit funds, Ares Commercial Finance, value-add real estate vehicles, Asia credit and special situations strategies, and sub-advised credit products. Recurring themes include capital deployment, senior secured financing commitments, fundraising across asset classes, global platform expansion and operating leadership changes.
Ares Capital Corporation (NASDAQ: ARCC) declared a third-quarter dividend of $0.43 per share, payable on September 30, 2022. This follows a previously declared $0.03 additional dividend. For Q2 2022, Ares reported a core EPS of $0.46, down from $0.53 in Q2 2021. GAAP net income per share also decreased to $0.22 compared to $1.09 year-over-year. Total portfolio investments rose to $21.17 billion, while GAAP net income dropped to $111 million. The debt/equity ratio stood at 1.27x, indicating stable leverage. Ares anticipates increased earnings from rising interest rates.
US Heart & Vascular (USHV) has announced a partnership with Willowbrook Cardiovascular Associates, enhancing its position in Houston and aiming for national expansion. USHV, supported by Ares Management, focuses on improving cardiovascular care through relationships with physician practices. This partnership is expected to enhance care delivery and aims to affiliate with more quality practices across the U.S. Financial terms were undisclosed, with the transaction set to close in Q3 2022, pending customary conditions.
Ares Capital Corporation (NASDAQ: ARCC) will report its second-quarter earnings for the period ending June 30, 2022, on July 26, 2022, before the market opens. A conference call will follow at 12:00 p.m. ET to discuss the financial results. Interested participants can join via telephone or a live webcast, accessible through Ares Capital’s website. The earnings announcement will reflect the company's ongoing focus on investing in private middle-market firms and aims to provide insights into its financial performance.
Ares Management Corporation (NYSE: ARES) will report its earnings for Q2 ended June 30, 2022, on July 28, 2022, prior to NYSE opening. A conference call is scheduled for the same day at 12:00 p.m. ET to discuss the financial results. As of March 31, 2022, Ares managed approximately $325 billion in assets across multiple sectors globally, with around 2,100 employees. Investors can participate via phone or live webcast, and archived replays will be available until August 25, 2022.
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Ares Management Corporation has appointed Henry Lee as the Head of Ares Wealth Management Solutions in Asia. Lee, a former HSBC executive with over 17 years of experience in private banking and investment management, will focus on retail product development and strategic partnerships across the region. Ares aims to enhance access to its investment strategies, targeting growing retail opportunities in Asia. Ares Wealth Management Solutions employs approximately 105 professionals and is positioned to leverage Ares' extensive resources in providing innovative investment solutions.
Ares Management Corporation (NYSE: ARES) appointed Henry Lee as the Head of Ares Wealth Management Solutions (AWMS) for Asia, enhancing retail product development and distribution. Lee, with over 17 years in investment management and a significant history at HSBC, will focus on strategic partnerships with financial intermediaries. This move aligns with Ares' commitment to expand access to its investment strategies for individual investors in the Asia region. Ares currently manages approximately $325 billion in assets.
Ares Management Corporation (NYSE: ARES) announced that CFO Jarrod Phillips will present at the Morgan Stanley US Financials, Payments & CRE Conference on Tuesday, June 14, 2022, at 2:30 PM ET. A live audio webcast of the presentation will be accessible in the Investor Resources section of the company’s website, with a replay available shortly after the event. As of March 31, 2022, Ares Management had approximately $325 billion in assets under management, and operates globally with over 2,100 employees.