Ares Holds Townhall to Reassure Staff on Market Angst

Got story updates? Submit your updates here. ›

Ares Management Corp. held a town hall meeting this week to reassure employees about recent market volatility and emphasize the investment opportunities it has created, according to CEO Mike Arougheti. Arougheti said the firm has a playbook for dealing with market cycles, but noted that many younger employees may not have experienced volatility before and need additional support.

Why it matters

As a major private equity firm, Ares' ability to navigate market uncertainty is crucial for its business and the confidence of its employees. Arougheti's comments suggest the firm is taking proactive steps to manage anxiety and retain talent during a volatile period.

The details

During the town hall, Arougheti told employees that 'When you've been through multiple cycles, there's a playbook, and this is how you execute, but there are a lot of people who haven't been through volatility before.' He added that other organizations should consider having similar conversations, particularly with junior staff, to ensure they are experiencing volatility 'the same way' as more experienced colleagues.

• The town hall was held this week.

What they’re saying