Michael Arougheti

Money Moves

As of May 2026: Leads the newest alternative asset manager to enter the S&P 500

Before the market opened on December 11, Ares Management — a private-credit powerhouse with nearly $600 billion under management — slid into the S&P 500, replacing Kellanova. Kellanova completed its $35.9 billion sale to Mars that day.

Updated May 10