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Picker:So given all of this Ares' stock price is basically flat on the year which is outperforming the S&P, it's outperforming your peers, but still flat. The Credit Group segment offers credit strategies across the liquid and illiquid spectrum, including syndicated bank loans, high yield bonds, credit opportunities, special situations, asset-backed investments and U.S. and European direct lending. ". So we're not only dealing with inflation, but we're now dealing with the impacts of a strong dollar globally, we still haven't quite gotten through the supply chain constraints that we're dealing with, and then overlay just for good measure of global, global conflict and energy crisis. A non-waterfront home on Sunset Island II recently traded for $12.5 million, setting a record for dry sales in all of Miami Beach. But it's been a little bit easier to navigate in the sense that there's not one sector that's getting consistently challenged by the current environment, it's giving people a little bit of a reprieve, now and again. Also in April, investor and Anatomy Fitness owner Chris Paciello flipped a waterfront teardown on Sunset Island I for a 50 percent gain in one month. Liquidity Will Delay Default Spike for 2-3 Years, Ares CEO Says (Patrick T. Fallon/Getty Images) 'Nobody is really prepared':. Michael's mailing address filed with the SEC is 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES, CA, 90067. Learn More on Ares Management's active insiders. I think Ive become a more patient leader. Picker:So in recent months and we've spoken, private equity has been essentially the kind of the laggard in terms of dealmaking. It's also a reflection, I think of the investors understanding that embedded value that sits in our private credit portfolios. Arougheti:I think, in the US market, we still have a shot, I think the Fed is on the task, if you look at the strength of the market, and this what makes it particularly challenging to invest in, all of the data that we see, up until this point in our significant private portfolios, we tell you that the economy is still quite strong, corporate balance sheets are well positioned, the consumer is still relatively underleveraged. All Rights Reserved. With hundreds of billions of dollars worth of floating rate credit and real assets, the firm's $200B book has surprisingly held up well. Ares Management's investment groups collaborate to deliver innovative investment solutions and consistent and attractive investment returns for fund investors throughout market cycles. And that's pretty attractive to most investors right now. Ares Management Corporation (ARES) CEO Michael Arougheti on Q1 2022 Thats whether youre talking about the corporate economy or the consumer economy. Ares Management Corp. is engaged in providing investment management and consultancy services. For the last almost 10 years, it seems like almost every market has been correlated and performing well. Michael Arougheti. A Man of Conviction. - John Hope Bryant Copyright 2018 | John Hope Bryant and JohnHopeBryantHoldings, LLC | All rights reserved. My sense is that in this new administration, we will see more.