Ares Management, based in Los Angeles, offers investment and consultancy services with 2,850 employees and went public on May 2, 2014. It operates through five segments: Credit, Private Equity, Real Assets, Secondaries, and Other.
ARES has been in the news recently: U.S. small-cap stocks hit record highs as traders anticipated a Federal Reserve rate cut, coinciding with JPMorgan Asset Management's new strategy for private markets that sparked interest among private-equity investors. Additionally, the daily newsletter "Stocks @ Night" highlights market expectations for a Fed rate cut, while Oracle is set to report earnings following a significant stock surge.
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