Ares Faces 50% Loss on TalkTalk Investment Tied to BT Deal
ARES sits 24% above its 52-week low of $95.8 on light trading volume (0.1× avg).
Summary
Bloomberg reports Ares Management is facing a 50% loss on money it invested in TalkTalk, a UK broadband provider, in connection with a BT deal. The loss is material relative to Ares' credit portfolio and could pressure near-term earnings. This is the first disclosure of this specific impairment; no prior timeline item mentions TalkTalk or BT. The news may raise concerns about Ares' underwriting in European telecom credit, though the company's overall AUM and fundraising remain strong. Watch for any official Ares comment or subsequent 8-K quantifying the exposure.
At the time of this announcement, ARES was trading at $118.75 on NYSE in the Finance sector, with a market capitalization of approximately $26.6B. The 52-week trading range was $95.80 to $181.19. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.