Beyond the Game: Value Creation in Alternatives

Watch on YouTube ↗  |  April 17, 2026 at 18:04  |  10:00  |  Morgan Stanley
Speakers
Michael Arougheti — CEO, Ares Management

Summary

Michael Arougheti, CEO of Ares Management, discusses investment opportunities in alternative assets, focusing on real estate and sports media and entertainment. He explains the favorable cyclical and secular setup for real estate, particularly in industrial and multifamily sectors, and highlights the broader ecosystem of sports investing beyond team ownership. The conversation also touches on the growing access for individual investors to private markets through improved structures and education.

  • Discussion on the growth of private markets and increased access for wealth clients.
  • Real estate opportunities driven by cyclical factors and secular trends like supply chain reorganization.
  • Sports investing extends to ancillary areas such as equipment, ticketing, and real estate developments.
  • Media rights and consumer shift to experiences fuel growth in sports and entertainment.
  • Importance of structure, education, and technology in enabling individual investor access to alternatives.
Trade Ideas
Michael Arougheti CEO, Ares Management 3:56
Bullish on industrial and multifamily real estate.
Cyclically, the entry point for real estate is very well set up due to undersupply in multifamily and industrial sectors, a drawdown in values that has bottomed out, and a constructive rate environment. Secular tailwinds include demand from global supply chain reorganization, e-commerce penetration, digital infrastructure and data centers, an aging population changing living patterns, and housing affordability driving rental demand.
XLRE HIGH
Michael Arougheti CEO, Ares Management 6:18
Long sports media and entertainment ancillary investments.
Sports investing extends beyond team equity to include a broader ecosystem of ancillary businesses such as sports equipment, ticketing platforms, in-stadium hospitality, around-stadium real estate developments, advertising, youth sports, college sports, and talent agencies. This is driven by growth in media rights, a shift in media consumption to streaming, and a consumer behavioral shift towards spending on experiences like live events.
ENTG HIGH
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This Morgan Stanley video, published April 17, 2026, features Michael Arougheti discussing XLRE, ENTG. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Michael Arougheti  · Tickers: XLRE, ENTG