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Michael Arougheti

Michael Arougheti

Co‑founder and Chief Executive Officer, Ares Management

Appears in 1 story

Stories

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

Money Moves

Leads the newest alternative asset manager to enter the S&P 500

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. It shoved out snack giant Kellanova, which completed its $35.9 billion sale to Mars that same day, while Vital Farms replaced Heidrick & Struggles in the S&P SmallCap 600 after the executive-search firm closed its $1.3 billion take-private just one day earlier.

Updated Jan 9