Ares Management Corp (ARES) has officially closed its acquisition of BlueCove Limited, a London-based firm that specializes in systematic fixed-income management. The business will now operate under the name Ares Systematic Credit.
The new unit brings 60 professionals to Ares, all based in London and focused on investment and portfolio management, research, and engineering. Alex Khein, who served as BlueCove's CEO, will continue leading the team in its new home.
"We are pleased to welcome our new colleagues to Ares as we continue expanding our market-leading Credit Group," said Michael Smith, co-head of the Ares Credit Group. "The Systematic Credit strategy is underpinned by an experienced team of specialists, proprietary technology, and an investment approach informed by R&D."
Ares Systematic Credit offers systematic fixed-income strategies that lean on data and technology to create differentiated solutions for investors. With BlueCove's approximately $5.5 billion in assets under management now folded in, the Ares Credit Group managed $397 billion in total assets as of September 30, 2025.
"Joining Ares immediately enhances our ability to deliver best-in-class investment solutions as we are now part of an outstanding platform with the insights, resources, and networks required to achieve this," Khein said. "We look forward to expanding our offering and breadth of R&D activities in the systematic investment sector."
