Ares CEO Explains Why It Hasn’t Teamed Up With Traditional Firms
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Ares Management Corp. has resisted partnering with other money managers to reach everyday investors, including through the 401(k) market, even as others team up with more traditional firms to invest for the masses.Firms “going heavy into partnerships” believe that retail clients want to buy a traditional product merged with an alternative one, Ares Chief Executive Officer Michael Arougheti said Wednesday at the Goldman Sachs Financial Services Conference.