Ares CEO Arougheti says switch to C-corp “great for asset managers”: Bloomberg

Ares Management’s switch to a C-corp last year from a public partnership has boosted liquidity in the stock, CEO Michael Arougheti told Bloomberg. Last month, Blackstone Group said it would switch to a C-corp in a bid to lure more investors. Firms designated a C-corp can be included in indexes and their stock is available to a wider pool of investors, the story said. “I think it’s great for Blackstone, I think it’s great for the alternative asset managers,” Arougheti said to Bloomberg.