News

Financial stocks were lower in Thursday afternoon trading, with the NYSE Financial Index decreasing

Blackstone's Q2 earnings beat estimates as record $1.35 trillion AUM and strong inflows outweighed higher expenses.

Energy stocks were rising premarket Thursday, with the State Street Energy Select Sector SPDR ETF (X

The projects support plans to improve public spaces around Regent Street, Haymarket and Piccadilly Circus with Westminster City Council.

Ares Management is scheduled to report its second-quarter results next week, and analysts expect a double-digit earnings growth.

(Bloomberg) -- The New York Yankees are in advanced talks to raise nearly $3 billion dollars of financing from Apollo Global Management Inc., people with knowledge of the matter said, as more institutional capital flows into professional sports. Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsOpenAI’s First Device Will Be Movable, Screenless Speaker Built as AI CompanionTrump Drops 20% Fee for Hormuz Cargo After Gulf PressureUS Hits Iran With Strikes, Block

Nurturing the next generation of lacrosse players starts with reducing one large barrier to entry.

(Bloomberg) -- Private credit is poised to take on an even bigger role in financing the “massive amount of infrastructure investment” for artificial intelligence as companies look for capital to fund outsized expenditures, according to the head of BlackRock Inc.’s research arm.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaChip Stocks Slide on Worries Rally Has Run Too Far: Markets WrapTwo Millennium Trading Pods Made About $3.7 Billion Last MonthMicrosof

(Bloomberg) -- Executives at some of Wall Street’s biggest names have faced a barrage of recent questions about whether artificial intelligence has crippled the value of their software investments.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsThe Tanker Tycoon Making Millions on Hormuz Shuttle RunsModi’s Flagship Biofuel Push Faces Backlash From MotoristsFIFA Allows Balogun to Play After Trum

Ares Management stock is coming off a strong 113.7% gain over the last five years, yet current valuation checks show a different picture, with the intrinsic value estimate from the Excess Returns model sitting close to the market price while earnings based multiples lean expensive. Over five years, Ares Management has returned 113.7%, which puts recent weakness in context as a longer term winner that now needs its fundamentals to keep up with the share price. Fresh growth initiatives, such...

Ares Management has recently drawn attention after analysts highlighted its expanding alternative asset platform, including plans for a larger Asia-focused direct lending fund and fresh capital formation via Ares Acquisition Corporation III’s roughly US$395 million SPAC IPO. At the same time, Ares is broadening investor access to its private market strategies through a new partnership with Clearstream, underlining how distribution alliances are becoming as important as new funds in shaping...

Ares Management (NYSE:ARES) has partnered with Clearstream to add its private market strategies to Clearstream’s fund platform, aiming to broaden investor access in Europe. The partnership is intended to make private market investing more straightforward for Clearstream’s clients, in line with regulatory efforts to deepen capital markets. Ares has led a US$100 million investment in the Premier Lacrosse League, marking a move into professional sports assets. The firm has also backed...

Despite the rising requests, fund managers returned $5.9 billion in the second quarter, down from the $7.4 billion they agreed to pay out in the prior period, according to data from investment bank Robert A. Stanger. Individual investors have awakened to the fact that they can’t exit from the funds—called business-development companies—as quickly as they entered, prompting more of them to start withdrawing. Fund managers are battening down the hatches for a prolonged period of elevated withdrawals.

Blue Owl Capital faced higher June-quarter redemption requests than peers, but there was some good news: Exit requests at Blue Owl declined from March quarter levels.

Another big valuation moment for an up-and-coming sports league.

Private credit is back in focus on Wall Street. Blue Owl stock is on the move, up 5.5%, after telling shareholders the firm will enforce a cap on some of its private credit funds after large withdrawal requests. In the second quarter, the Blue Owl Credit Income Corp. fund saw $3.6 billion worth of withdrawal requests, an estimated 18.8% of outstanding shares, the shareholder letter read.

Many of this year’s hottest stocks are the biggest decliners in premarket trading Thursday after sharp drops in the previous session.

With an annual dividend yield of 4.95%, Ares Management Corporation (NYSE:ARES) is included among the 12 Best NYSE Stocks to Buy for Dividends. Ares Management Corporation (NYSE:ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, private equity, real estate, and infrastructure asset classes. On June 23, […]

Financial stocks edged down in late Tuesday afternoon trading, with the NYSE Financial Index 0.1% lo

Financial stocks were softer in Tuesday afternoon trading, with the NYSE Financial Index and the Sta

Investing.com -- Oppenheimer downgraded several large U.S. bank stocks on Tuesday, arguing that rich valuations have left little room for further upside despite improving earnings prospects and a favorable operating environment.

Ares Management expanded its infrastructure debt leadership team by adding senior hires to deepen its focus on the asset class. The firm held the final close of Pathfinder Fund III above its original target, securing substantial commitments for alternative investments. Ares is participating in a Bank of England stress test for private markets, focused on financial stability under stressed scenarios. The company also launched a major industrial real estate development in the Raleigh Durham...

June 25 (Reuters) - Ares Management again capped withdrawals at its flagship private credit fund after redemption requests rose in the second quarter, according to a filing released Thursday.

Ares Management limited withdrawals from its Strategic Income Fund after investors sought to redeem 14.4% of shares, though the firm expects to clear its redemption backlog by year-end.

Investors in one of Ares Management’s largest private-credit funds tried to withdraw about $1.5 billion of their money in the second quarter, representing 14.4% of the fund’s net asset value. Ares decided to limit redemptions to 5% of shares outstanding, the same cap the firm applied in the first quarter when investors asked to redeem 11.6%. The rise in withdrawal requests came from foreign investors; U.S. investors asked to redeem fewer shares in the second quarter compared with the first, Ares said in a letter to shareholders.

(Bloomberg) -- On paper, it seems like a no-brainer trade: Cash out of one private credit fund at 100% of net asset value and plow the money back into a similar vehicle that’s trading at a substantially discounted price.Most Read from BloombergInvestor Who Scored 900% Win in 2008 Crisis Has New Big Short BetGrand Ole Opry House Up For Sale by Owner Ryman HospitalityStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapStocks Climb Late After Micron’s Blowout Outlook: Markets WrapOracle C

Mid-cap stocks have the best odds of scaling into $100 billion corporations thanks to their tested business models and large addressable markets. But the many opportunities in front of them attract significant competition, spanning from industry behemoths with seemingly infinite resources to small, nimble players with chips on their shoulders.

Ares Management and KKR & Co are benefiting from growing AUM, strategic acquisitions and expanding investment capabilities. Which stock is the better pick now?

APO, ARES, BX, KKR and JPM join the BoE first private-market stress test to gauge whether a severe global downturn could expose wider risks.

HASI's rally is backed by stronger recurring income and higher yields, but valuation, debt and funding costs may test future returns.