Ares Management has agreed to acquire BlueCove, a London-based systematic fixed-income investment firm, to create Ares Systematic Credit, enhancing its quantitative credit strategy offerings.

Target Information

Ares Management has entered into an agreement to acquire BlueCove, a London-based firm specializing in systematic fixed-income investments. This acquisition aims to establish Ares Systematic Credit, a dedicated division within Ares’ $377 billion Credit Group, which will focus on quantitative credit strategies by leveraging data science and technology alongside fixed-income expertise.

BlueCove was founded in 2018 by Alex Khein and Hugh Willis, both of whom are former executives at BlueBay Asset Management. The firm has developed a proprietary investment platform that employs systematic and data-driven approaches to navigate various credit markets, including high-yield bonds, investment-grade bonds, and convertible bonds.

Industry Overview

The fixed-income investment landscape in the UK has evolved significantly over recent years, driven by an increasing demand for innovative investment strategies that enhance portfolio performance. Th