Ralf Hahn Ares Management Corporation (NYSE:ARES) has outperformed most listed alternative asset managers in the past year with a one-year total return of about 57%. This was mainly attributable to its outsized emphasis on private credit, a hot buzzword in alternative investing. Direct lending was ~45% of ARES' AUM in 3Q23, whereas real estate was only ~12% of AUM, helping it navigate away from a tough sector in 2023. VAL Ares Management Corp (ARES) Total Return Price % Change 57.48% Apr ‘23 ul 23 Oct 23 an ...