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 Management Corporation (NYSE: ARES) reported its Q2 2021 financial results, showcasing a GAAP net income of $141.6 million, equating to $0.70 per share. After-tax realized income reached $192.1 million, with a fee-related earnings of $146.9 million. The company raised over $20 billion in capital, pushing its assets under management to a record $248 billion, up 56% year-over-year. A quarterly dividend of $0.47 per share was declared, payable on September 30, 2021.
Aspida Life Re Ltd., a subsidiary of Aspida Holdings Ltd. and backed by Ares Management Corporation, has appointed Jon Steffen as President. With a decade of experience in Bermuda life reinsurance, Steffen aims to enhance Aspida Re's capital and risk management solutions. Previously, he served as the Approved Actuary for Athene Life Re Ltd. Aspida Re, established in December 2020, focuses on providing tailored risk management solutions for insurance clients to optimize their balance sheets and support growth.
Aspida Holdings Ltd., an indirect subsidiary of Ares Management Corporation (NYSE: ARES), has completed the acquisition of Global Bankers Insurance Group, rebranding it as Aspida Financial Services, LLC. This strategic acquisition brings over 100 insurance professionals and a robust technology platform aimed at expanding Aspida's retirement-focused operations in the U.S. Additionally, Aspida plans to acquire a nationwide life insurance company, enhancing its product offerings that are expected to launch in 2022. Aspida currently manages approximately $2.3 billion in assets.
Resource Label Group has successfully merged with funds managed by Ares Management Corporation, enhancing its capabilities in the packaging industry. CEO Mike Apperson highlighted the merger as a pivotal moment for growth, supported by Ares' resources and expertise. Resource Label operates nineteen manufacturing sites across North America and recently completed its 19th acquisition. Ares expresses confidence in Resource Label's growth potential due to its strong management team and diversified offerings. Financial details of the merger were not disclosed.
Ares Management Corporation is set to report its second quarter earnings for the period ending June 30, 2021, on July 29, 2021, before the NYSE opens. A conference call to discuss these results will take place on the same day at 12:00 p.m. ET. Ares, a leading global alternative investment manager, has approximately $239 billion in assets under management as of March 31, 2021, bolstered by recent acquisitions of Landmark Partners and Black Creek Group. Interested parties can access the call and a replay via their website.
Ares Management Corporation (NYSE: ARES) has successfully completed the acquisition of Black Creek Group’s U.S. real estate investment advisory and distribution business. Black Creek, managing approximately $11.6 billion in assets, enhances Ares’ total assets under management to about $239 billion. The integration aims to leverage Black Creek's strengths in the industrial sector and retail distribution, enhancing Ares' capabilities and market presence. Key Black Creek leaders will remain to ensure a smooth transition and continuity of operations.
Ares Management Corporation (NYSE: ARES) has committed over $1 billion in investments within the sports, media, and entertainment sectors in the last six months. This strategy focuses on flexible capital solutions, utilizing debt and equity investments. Key transactions include minority stakes in Atlético de Madrid and Meadowlark Media, along with senior secured credit facilities for the San Diego Padres and Ottawa Senators. The firm anticipates continued demand for innovative capital solutions due to rising content needs in these sectors, partly accelerated by the COVID-19 pandemic.
Ares Management Corporation (NYSE: ARES) has priced an offering of $450 million in 4.125% Fixed-Rate Resettable Subordinated Notes due 2051. The notes, issued by Ares Finance Co. III LLC and guaranteed by multiple Ares entities, are intended to support general corporate purposes, including debt repayment and growth initiatives. Offered to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S, these notes are not registered under the Securities Act and cannot be sold in the U.S. without registration or exemption.
Ares Management Corporation (NYSE: ARES) announced its subsidiary, Ares Finance Co. III LLC, plans to offer fixed-rate resettable subordinated notes. These notes will be guaranteed by Ares Holdings L.P. and other subsidiaries. Proceeds from the offering will be utilized for general corporate purposes, including debt repayment and growth initiatives. The notes will be offered to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S. The announcement includes forward-looking statements that are subject to various risks and uncertainties.
