Ares Management CEO Addresses Concerns Over Private Credit Market and AI Disruption

Ares Management CEO Michael Arougheti has dismissed concerns regarding potential issues in the private credit market and the impact of artificial intelligence disruption. Bloomberg posted on X, highlighting Arougheti's stance amid recent declines in shares of alternative asset managers. Arougheti emphasized that the private credit market remains robust, despite recent market volatility affecting asset managers. He also addressed fears surrounding AI, suggesting that the technology presents opportunities rather than threats to the industry. Arougheti's comments come as alternative asset managers face scrutiny over their ability to adapt to technological advancements and market shifts. His remarks aim to reassure investors and stakeholders about the resilience and adaptability of Ares Management and similar firms in navigating these challenges.