Ares CEO Tony Ressler on Trump, Markets, Investing

The transcript discusses the impact of political events, particularly under President Trump, on market volatility. It explores investment strategies in light of unexpected market stability, emphasizing the importance of high-quality assets. The discussion also covers economic policies, their relevance to the market, and opportunities in alternative asset classes like credit and private equity. Challenges in the retail sector, particularly with Neiman Marcus, are addressed, along with strategies for success. Finally, Ares Management's growth strategy and the potential for consolidation in asset management are explored.

What is one reason suggested for the lack of market volatility despite political changes?

• The market is less influenced by political noise.

• The market is highly reactive to political changes.

• Political changes have no impact on the economy.

• The market is always volatile regardless of politics.

What is the firm's stance on the importance of the White House's economic policies?

• They are somewhat discounted by the market.

• They have no impact on asset prices.

• They are completely irrelevant.

• They are the sole drivers of market trends.

How has the unexpected market stability influenced investment strategies?

• Avoiding investments altogether.

• Investing only in volatile markets.

• Focusing on high-quality assets.

• Investing in low-quality assets.

Which sectors are highlighted as areas of interest for investment opportunities?

• Automotive and textiles.

• Energy and healthcare.

• Education and tourism.

• Technology and agriculture.

What is the firm's approach to handling retail investments?

• Avoiding retail investments entirely.

• Focusing on both high-end and value-oriented retailers.

• Concentrating solely on luxury brands.

• Investing only in online retail.

What is a key focus for Ares Management's strategic growth?

• Avoiding any form of consolidation.

• Focusing solely on real estate.

• Expanding through organic growth and acquisitions.

• Reducing the number of assets managed.

What is the firm's perspective on the alternative asset management industry?

• It is shrinking rapidly.

• It offers huge opportunities.

• It is irrelevant to modern markets.

• It is too risky to consider.