Ares Management (NYSE:ARES), BlackRock (NYSE:BLK)

The Financial Times reported that the $10.7 billion fund received $1.2 billion in redemption requests during this period, fulfilling $524 million, which is slightly over 40% of the total requests. Ares explained that the redemptions were primarily initiated by a small group of family offices  and smaller investors, collectively representing less than 1% of the fund’s more than 20,000 investors. The fund’s assets, bolstered by leverage, comprise loans and securities valued at $20.8 billion, FT stated.Despite ...