Ares Management to buy BlueCove

Ares Management (ARES [https://seekingalpha.com/symbol/ARES]) announced that one of its affiliates has entered into a definitive agreement to acquire the entire outstanding share capital of BlueCove, a London-based systematic fixed income manager.

Financial terms were not disclosed. The transaction is expected to close in the first quarter of 2026, subject to customary closing conditions, including regulatory approvals.

Founded in 2018 by Alex Khein and Hugh Willis, BlueCove invests in high-yield, corporate investment grade, convertible bonds, and other liquid credit instruments. Since Ares first partnered with BlueCove through a minority stake acquisition in 2023, assets under management have grown from $1.8 billion to around $5.5 billion, as of September 30, 2025.

Integrated within Ares, BlueCove will form the Ares Systematic Credit strategy and will focus on harnessing the power of data and technology to deliver differentiated returns and solutions to investors.

Ares Systematic Credit will be led by Alex Khein, supported by a team of approximately 60 professionals, with Hugh Willis serving as a senior advisor to the organization.

Source: Press Release [https://seekingalpha.com/pr/20285667-ares-management-to-acquire-bluecove]

MORE ON ARES MANAGEMENT CORPORATION

* Ares Management: I'm Buying The Push Into Energy Infrastructure [https://seekingalpha.com/article/4829741-ares-management-buying-push-into-energy-infrastructure]
* Ares Management Corporation (ARES) Shareholder/Analyst Call - Slideshow [https://seekingalpha.com/article/4826074-ares-management-corporation-ares-shareholder-analyst-call-slideshow]
* Ares Management Corporation (ARES) Presents At Barclays 23rd Annual Global Financial Services Conference (Transcript) [https://seekingalpha.com/article/4820932-ares-management-corporation-ares-presents-at-barclays-23rd-annual-global-financial-services]
* Ares Management raises ~$1.5B for specialty healthcare fund [https://seekingalpha.com/news/4510191-ares-management-raises-15b-for-specialty-healthcare-fund]
* Ares Management, Slate Asset Management to buy Polish real estate portfolio [https://seekingalpha.com/news/4509115-ares-management-slate-asset-management-to-buy-polish-real-estate-portfolio]