Ares Management Adds Two Seasoned Portfolio Managers to its Credit Group
September 17 2018 - 5:30AM
Business Wire
Jason Duko and Kapil Singh Join as Partners to
Enhance Portfolio Management Efforts in Syndicated Loans and High
Yield Bonds
Ares Management, L.P. (NYSE:ARES) announced today that Jason
Duko and Kapil Singh have joined the firm as Partners and Portfolio
Managers in the Ares Credit Group, focusing on liquid credit
strategies. These new appointments reflect Ares’ continued
commitment to enhance its market leadership in below investment
grade credit.
“We are pleased to welcome Jason and Kapil to our liquid credit
team. They are experienced portfolio managers with proven track
records and our firm has known them personally and professionally
for many years. They share Ares’ fundamental bottoms-up approach to
credit and risk management, but also bring fresh, top-down
perspectives on portfolio construction, which they have developed
over their careers,” said Kipp deVeer, Partner and Head of the Ares
Credit Group. “These appointments further enhance our capabilities
in syndicated bank loans and high yield bonds and position us for
meaningful expansion in these strategies.”
Mr. Duko will be primarily responsible for managing U.S. bank
loan strategies, while Mr. Singh will be primarily responsible for
managing U.S. high yield bond strategies. Both will also be members
of the U.S. Liquid Credit Investment Committee. Mr. Duko brings 19
years of industry experience to this role, most recently serving as
a Portfolio Manager at PIMCO, where he managed bank loan assets
across a broad range of investment strategies and was responsible
for secondary loan trading. Mr. Singh joins Ares with 25 years of
experience in leveraged finance, most recently having served as a
Portfolio Manager in the Global Developed Credit Group at
DoubleLine Capital, where he led the high yield effort across
numerous strategies and portfolios in a variety of investment
vehicles.
With approximately $86.9 billion in assets under management as
of June 30, 2018, the Ares Credit Group is one of the largest
global alternative credit managers. Through its presence in the
U.S. and Europe, the Ares Credit Group manages a range of global
investment strategies across the liquid and illiquid credit
spectrum, including syndicated loans, high yield bonds, private and
public structured credit strategies and direct lending.
About Ares Management, L.P.
Ares Management, L.P. is a publicly traded, leading global
alternative asset manager with approximately $121.4 billion of
assets under management as of June 30, 2018 and 18 offices in the
United States, Europe, Asia and Australia. Since its inception in
1997, Ares has adhered to a disciplined investment philosophy that
focuses on delivering strong risk-adjusted investment returns
throughout market cycles. Ares believes each of its three distinct
but complementary investment groups in Credit, Private Equity and
Real Estate is a market leader based on assets under management and
investment performance. Ares was built upon the fundamental
principle that each group benefits from being part of the greater
whole. For more information, visit www.aresmgmt.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20180917005160/en/
Investor Relations:Carl Drake, +1
800-340-6597cdrake@aresmgmt.comorMedia:Mendel
CommunicationsBill Mendel, +1
212-397-1030bill@mendelcommunications.com
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