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 23,524 shares of ARES on 29 May at $165.06 per share, worth a total of $3.9M. They now own 33,145 ARES shares, or a 42% holding decrease.
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