Ares Management just joined the S&P 500 club and is already reaping the benefits of membership. The alternative asset manager’s stock got a 7.27% boost on Tuesday as investors digested its new street cred. The S&P Dow Jones Indices announced Monday that Ares would replace Kellanova — owner of pantry favorites like Pringles, Pop-Tarts and Cheez-It — before the market opens on Thursday. The switch-up comes as fellow food company Mars is set to complete a $36 billion acquisition of Kellanova. SUBSCRIBE:  Rec ...