Ares Management turns private credit into Wall Street’s sexiest business 

Investing

Megadeals and private equity titans may dominate the headlines. Still, Los Angeles’ Ares Management has quietly amassed US$352 billion in assets by offering steady returns regardless of what happens in the stock market.

As an enterprising 13-year-old New York Yankees fan in 1986, Michael Arougheti ran a baseball card trading business, setting up tables at collectibles shows on weekends in suburban New York City.

Subscribe to Forbes Australia for full access to this and all articles today

Subscribe     Already a subscriber? Sign In

 

Avatar of Hank Tucker
Forbes Staff
Topics: