Who is Ares Management, L.P.?
Ares Management, L.P. (NYSE:ARES) ,is a leading global alternative asset manager with approximately $74 billion of assets under management. They provide a range of investment strategies and seek to deliver attractive performance to an investor base of institutional and retail clients across their publicly traded and sub-advised funds.
ARES is expecting to hold an IPO on 5/2/2014 offering 18,196,436 shares at a price range between $21.00-$23.00 per share. The main underwriters handling the offering are J.P. Morgan, Bank of America Merrill Lynch, and Goldman Sachs.
What do they do and how do they expect to remain competitive going forward?
What does ARES do? They manage money professionally, although that description doesn't really do...
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