Ares Management Corporation (ARES) Presents at Morgan Stanley US Financials Conference 2026 Transcript
Ares Management Corporation (ARES) Morgan Stanley US Financials Conference 2026 June 10, 2026 12:05 PM EDT
Company Participants
Michael Arougheti – Co-Founder, Partner, CEO & Director
Conference Call Participants
Michael Cyprys – Morgan Stanley, Research Division
Presentation
Michael Cyprys
Morgan Stanley, Research Division
All right. We’re going to go ahead and get started here. I’m Mike Cyprys, equity analyst covering brokers, asset managers and exchanges. And I’m thrilled to welcome for our keynote fireside lunch, Michael Arougheti, Co-Founder and CEO of Ares Management. Mike, thanks for joining us.
Michael Arougheti
Co-Founder, Partner, CEO & Director
Great conference. Appreciate it.
Michael Cyprys
Morgan Stanley, Research Division
And Ares, as you all may know, has over $640 billion of assets under management and is one of the world’s largest alternative investment managers. So let’s kick off with the macro mic here.
3 months ago, there’s a lot of debate centered around tariffs and growth. And today, discussion has shifted toward inflation persistence, fiscal deficits, geopolitical risk, energy markets. So what would you say has changed the most in your outlook over the last quarter? And where do you think investors are still misreading the environment?
Question-and-Answer Session
Michael Arougheti
Co-Founder, Partner, CEO & Director
Yes. Look, we’re just saying over there, it feels like a year’s worth of news and market developments in 5 months. But frankly, not much has changed. And for those that we’ve spent time with, I think you’ve heard us just talk about conviction around higher for longer and to see that now playing through with some of the geopolitical issues globally.
We’re not having to reposition our thinking. But I do think that is a meaningful change. I think the stickiness of inflation and rates is something the market has finally come to grips with. I think what people may be
