Ares Management, based in Los Angeles, offers investment and consultancy services with 2,850 employees and went public on May 2, 2014. It operates through five segments: Credit, Private Equity, Real Assets, Secondaries, and Other.
David B Kaplan sold 62,500 shares of ARES on 15 May at $173.16 per share, worth a total of $10.8M. They now own 91,858 ARES shares, or a 50% holding decrease.
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