Business
Ares boss on AMP: ‘This is a unique situation’ – The Australian Financial Review
Ares Capital co-founder Mike Arougheti says AMP Capital’s private market assets create a ‘unique situation’, and it is having ‘constructive dialogue’ with the troubled…
Mr de Ferrari said global peers with worse performance than AMP Capital were able to raise two or three times as much as his firm can because of their global distribution but didnt specifically comment on whether he was exploring that option with Ares Capital.
AMP Capital suffered a 7 per cent, or $13.3 billion, tumble in assets under management for the year, and a 32 per cent drop in underlying annual profit for the group. Despite Mr Ferrari urging investors to back his three-year transformation…
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