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Ares Management Corporation (ARES) Q3 2024 Earnings Call Transcript

Ares Management Corporation (NYSE:ARES) Q3 2024 Results Conference Call November 1, 2024 11:00 AM ET

Company Participants

Greg Mason – Co-Head-Public Markets IR
Michael Arougheti – CEO
Jarrod Phillips – CFO

Conference Call Participants

Craig Siegenthaler – Bank of America
Alex Blostein – Goldman Sachs
Brendan O’Brien – Wolfe Research
Bill Katz – TD Cowen
Brennan Hawken – UBS
Michael Cyprys – Morgan Stanley
Brian Bedell – Deutsche Bank
Ken Worthington – JPMorgan
Mike Brown – Wells Fargo Securities

Operator

Welcome to Ares Management Corporation’s Third Quarter Earnings Conference Call. [Operator Instructions]. As a reminder, this conference call is being recorded on Friday, November 1, 2024.

I will now turn the call over to Greg Mason, Co-Head of Public Markets, Investor Relations for Ares Management.

Greg Mason

Good morning, and thank you for joining us today for our third quarter conference call. Speaking on the call today will be Michael Arougheti, our Chief Executive Officer; and Jarrod Phillips, our Chief Financial Officer. We also have several executives with us today who will be available during the Q&A session.

Before we begin, I want to remind you that comments made during this call contain forward-looking statements and are subject to risks and uncertainties, including those identified in our risk factors in our SEC filings. Our actual results could differ materially, and we undertake no obligation to update any such forward-looking statements. Please also note that past performance is not a guarantee of future results and nothing on this call constitutes an offer to sell or a solicitation of an offer to purchase an interest in Ares or any Ares Fund.

During this call, we will refer to certain non-GAAP financial measures, which should not be considered in isolation from or as a substitute for measures prepared in accordance with generally accepted accounting principles. Please

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