Key Takeaways
- • Ares Management Corporation (NYSE: ARES) completed its acquisition of all outstanding shares of BlueCove Limited, a London-based systematic fixed-income manager, according to a Business Wire announcement.
- • The acquired business will operate as Ares Systematic Credit, the newest strategy within the Ares Credit Group, led by Alex Khein, formerly CEO of BlueCove.
- • Ares Systematic Credit comprises approximately 60 professionals, primarily based in London, and BlueCove brought approximately $5.5 billion in AUM to the Ares Credit Group.
- • Inclusive of BlueCove's AUM, the Ares Credit Group managed $397 billion as of September 30, 2025.
Summary
Ares Management Corporation (NYSE: ARES) announced that it has completed its acquisition of all outstanding shares of BlueCove Limited ("BlueCove"), a London-based systematic fixed-income manager, according to the company's Business Wire release. The integrated business will operate as Ares Systematic Credit, the latest strategy within the Ares Credit Group.
Ares Systematic Credit offers systematic fixed-income strategies that use data and technology to build investment processes across high-yield, investment-grade corporates, convertible bonds, and other liquid credit instruments in a variety of portfolio constructions. The company says the strategy uses proprietary technology to systematically access, select, analyze and deploy information with the aim of capitalizing on market inefficiencies and generating alpha.
The unit is led by Alex Khein, most recently CEO of BlueCove, who is now Partner and Head of Ares Systematic Credit. Approximately 60 professionals, primarily based in London and largely focused on investment and portfolio management, research, and engineering, make up the team. Michael Smith, Co-Head of the Ares Credit Group, said the strategy is supported by specialists, proprietary technology, and an R&D-informed investment approach, and that Ares is well positioned to serve growing global investor demand for systematic credit products.
Inclusive of BlueCove's approximately $5.5 billion of AUM, the Ares Credit Group managed $397 billion of assets as of September 30, 2025. Ares Management reported over $595 billion of total global AUM as of the same date. The release notes risks to the integration, including Ares' ability to integrate BlueCove and achieve the expected benefits.
Ares Systematic Credit offers systematic fixed-income strategies that use data and technology to build investment processes across high-yield, investment-grade corporates, convertible bonds, and other liquid credit instruments in a variety of portfolio constructions. The company says the strategy uses proprietary technology to systematically access, select, analyze and deploy information with the aim of capitalizing on market inefficiencies and generating alpha.
The unit is led by Alex Khein, most recently CEO of BlueCove, who is now Partner and Head of Ares Systematic Credit. Approximately 60 professionals, primarily based in London and largely focused on investment and portfolio management, research, and engineering, make up the team. Michael Smith, Co-Head of the Ares Credit Group, said the strategy is supported by specialists, proprietary technology, and an R&D-informed investment approach, and that Ares is well positioned to serve growing global investor demand for systematic credit products.
Inclusive of BlueCove's approximately $5.5 billion of AUM, the Ares Credit Group managed $397 billion of assets as of September 30, 2025. Ares Management reported over $595 billion of total global AUM as of the same date. The release notes risks to the integration, including Ares' ability to integrate BlueCove and achieve the expected benefits.
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