Arougheti
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Ares CEO Arougheti on Private Credit, Sports Investing
Ares Management co-founder and CEO Michael Arougheti says the recent stress in the private credit market is tied to private equity. He speaks with Dani Burger at the Forbes Iconoclast Summit in New York.
Most withdrawals from Ares private credit fund came from outside US, CEO says
Most withdrawals from Ares private credit fund came from outside US, CEO says NEW YORK, June 10 : Most of the requests to withdraw money from a private credit fund for the wealthy run by alternative asset manager Ares came from outside the United States, its CEO said on Wednesday. "We had 11 per cent redemption requests. It was from less than 5 per cent of our investors.