Ares Management to acquire a minority stake in BlueCove.

Ares Management, a global alternative investment manager, agreed to acquire a minority stake in BlueCove, a scientific asset management firm. Financial terms were not disclosed. “We are delighted to announce this strategic partnership with Ares, a market-leading alternative management firm. We believe that over the last decade, the supply of data, increased market breadth, globalisation of fixed income markets, and significant research development mean that optimal conditions for scientific investing in liquid fixed income are now in place. Our partnership with Ares highlights a shared strategic view and joint desire for BlueCove to solidify its market leadership in this exciting sector,” Alex Khein, BlueCove CEO and Co-founder.