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S&P Dow Jones Indices

S&P Dow Jones Indices

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Private equity moves in: alternative asset giants remake the S&P 500

Money Moves

Gatekeeper deciding which companies enter or leave the S&P equity benchmarks

Before the market opened on December 11, Ares Management — a private-credit powerhouse with nearly $600 billion under management — slid into the S&P 500, replacing Kellanov. Kellanov completed its $35.9 billion sale to Mars that day.

Updated 6 days ago