Michael didnt stop there. And thats required if you want to see change happen and you want to see it happen quickly and sustainably. When youre going through this amount of uncertainty, what I found served us well from the first day back in March 2020 was the value of over-communicating and, in many instances, saying that you didnt know. Leslie Picker:How long do you think these tailwinds for your business will last? So there are a lot of structural competitive advantages that we have as an alt manager, one of the largest is just the structure of our funds. Michael Arougheti A Co-Founder, Director, Chief Executive Officer & President at Ares Management Mr. Arougheti is Co-Founder, Chief Executive Officer and President, as well as a Director of Ares Management Corporation. They sold a total of 6,394,959 shares worth more than $255,128,106.92. When you get into a period like we went through in March and April of last year, its very hard for a lot of leaders to say that they dont know. Michael J. Arougheti is an entrepreneur and businessperson who founded Ares Management Corp., Ares Management LP, Ares Management LLC and Ares Management Corp (Private Equity) and who has been the head of 8 different companies. Whats been rewarding for me is that we have spent so much time over the years building culture here around our core attributes of collaboration and social responsibility and entrepreneurialism. The Frankels paid $14.4 million for the spec Miami Beach mansion in August 2020, and just sold it at a 120 percent markup. in Ethics, Politics and Economics, cum laude, from Yale University. He is a member of the Ares Executive Management Committee, the Ares Enterprise Risk Committee and is on the Board of Directors of the Ares Charitable Foundation. Michael Arougheti took the reins of alternative-asset manager Ares Management on Jan. 1, 2018. Together, personally, they both became the financial backers for the founding of my Promise Homes Company dream. There are no ways to adequately describe a man with conviction. 2023 CNBC LLC. The records show the division opened a case on Dec. 8, 2022, to investigate threats and allegations of child abuse by Michael Haight. They made a major commitment to the work of my life, but they did it without fanfare, without press release, and without any desire for their own recognition. Hes sort of a walking brain, and I am pretty sure he has a genius IQ. Mr. Arougheti oversaw an investment team that originated, managed and monitored a diverse portfolio of middle-market leveraged loans, senior and junior subordinated debt, preferred equity and common stock and warrants on behalf of RBC and other third-party institutional investors. With hundreds of billions of dollars worth of floating rate credit and real assets, the firm's $200B book has surprisingly held up well. Thats true for the consumer as well you have a sizable segment of the population that is doing OK, and you have a segment of the population that, unfortunately, is being devastated.
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