Ares CEO Calls AI, Private Credit Fears ‘Odd’ and ‘Frustrating’

Ares Management Corp. Chief Executive Officer Michael Arougheti downplayed the idea of trouble in the private credit market and fears of AI disruption, two factors that hammered shares of alternative asset managers recently.

Arougheti said the firm’s institutional investors are not anxious about private credit risks and that 97% of its wealth clients have not asked to redeem from such products.