Ares Management (ARES) Stock Looks Fully Priced After Fresh Deal Activity

Ares Management has delivered a 70.4% share price gain over the past 5 years, yet the recent pullback and fresh deal activity put a sharper spotlight on one question for investors: Is today’s valuation still grounded in the returns the asset manager earns on the capital it puts to work across credit, real assets and infrastructure? A 70.4% return over 5 years puts real weight on whether Ares Management’s track record of turning invested capital into earnings justifies the current market...