Jason Duko and Kapil Singh Join as Partners to Enhance Portfolio
Management Efforts in Syndicated Loans and High Yield Bonds
LOS ANGELES--(BUSINESS WIRE)--
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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Source: Ares Management, L.P.
