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China Vice Premier Liu holds call with Lighthizer, Mnuchin
SHANGHAI (Reuters) - Chinese Vice Premier Liu He held a phone conversation with U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin, China’s Ministry of Commerce said in a statement on Tuesday.
During the call, which took place on Monday, the Chinese and U.S. officials exchanged opinions on trade and agreed to maintain communications, the statement said.
https://www.reuters.com/article/us-usa-trade-china/china-vice-premier-liu-holds-call-with-lighthizer-mnuchin-idUSKCN1TQ00L?
Ares Asset Mgmt Partner sold $8.23m in shares-June 20-24
Ares Management Corporation, formerly Ares Management, L.P., is an alternative asset manager. The Company offers its investors a range of investment strategies. It operates through three segments: Credit Group, Private Equity Group and Real Estate Group. The Credit Group segment manages credit strategies across the non-investment grade credit universe in the United States and Europe. It offers a range of credit strategies across the liquid and illiquid spectrum, including syndicated loans, high yield bonds, credit opportunities, structured credit investments and the United States and European direct lending. The Credit Group provides solutions for traditional fixed income investors. The Private Equity Group segment categorizes its investment strategies as corporate private equity, the United States power and energy infrastructure and special situations. The Real Estate Group segment manages public and private equity and debt strategies.
Number of employees : 1 000 people.
https://www.marketscreener.com/ARES-MANAGEMENT-CORP-50061101/company/
The firm was established in 1997.[2] The firm's co-founders include Antony Ressler, Michael Arougheti, David Kaplan, John H. Kissick, and Bennett Rosenthal.
It has several subsidiaries:
Ares Capital Management LLC, an SEC-registered investment adviser, is the investment adviser to Ares Capital Corporation, a publicly traded closed-end, non-diversified specialty finance company that is regulated as a business development company, or a BDC, under the Investment Company Act of 1940.
Ares Capital Corporation established in 2004, provides financing for middle market acquisitions, recapitalizations, and leveraged buyouts, mainly in the United States.
Ares Management Limited, established in 2006 as an expansion of the Ares business platform into Europ, focused on Ares European capital markets operations. Ares Management Limited is authorized under the Financial Conduct Authority (FCA) in the United Kingdom to provide certain investment advisory services. In May 2007, a minority interest in the firm was acquired by an international institutional investor, Abu Dhabi Investment Authority. The investor is experienced in alternative asset classes and did not acquire any voting or governance rights via its investment.
In May 2014, Ares Management completed its initial public offering and is currently listed on the New York Stock Exchange.
In April 2016, Ares Management closed its fifth global private equity fund, raising $7.85bn (€6.95bn).
In May 2016, Ares Management announced to buy asset management company American Capital, Ltd.; the US$3.4 billion deal was closed in January 2017.
https://en.wikipedia.org/wiki/Ares_Management
West Coast: Bay Area/Los Angeles locations,
Claims to have $137b in 'assets' under mgmt.
http://www.arescorporation.com/about/locations/
https://www.secform4.com/insider-trading/1176948.htm