Ares Dynamic Credit Allocation Fund, Inc. Announces Board Appointments
September 28, 2018 at 12:46 am IST
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Ares Dynamic Credit Allocation Fund, Inc. announced that effective September 25, 2018, John A. Leupp resigned from his positions as Vice President and Portfolio Manager of the fund. Also effective September 25, 2018, each of Charles Arduini and Samantha Milner was appointed as a Vice President and Portfolio Manager of the Fund, and each of Jason Duko and Kapil Singh was appointed as a Vice President of the Fund. Mr. Arduini is a Managing Director and Portfolio Manager in the Ares Credit Group. Mr. Arduini joined Ares in 2011. Ms. Milner is a Managing Director, Portfolio Manager and Head of Research of U.S. Liquid Credit in the Ares Credit Group. Ms. Milner joined Ares in 2004. Mr. Duko is a Partner and Portfolio Manager of U.S. Liquid Credit in the Ares Credit Group. Prior to joining Ares in 2018, Mr. Duko was a Portfolio Manager at PIMCO. Mr. Singh is a Partner and Portfolio Manager of U.S. Liquid Credit in the Ares Credit Group. Prior to joining Ares in 2018, Mr. Singh was a Portfolio Manager in the Global Developed Credit Group at DoubleLine Capital.
Ares Dynamic Credit Allocation Fund, Inc. (the Fund) is a closed end, diversified, management investment company. The Fund's investment objective is to seek an attractive risk adjusted level of total return, primarily through current income and secondarily, through capital appreciation. The Fund seeks to achieve its investment objective by investing primarily in a broad, dynamically managed portfolio of senior secured loans (Senior Loans) made primarily to companies whose debt is rated below investment grade; corporate bonds (Corporate Bonds) that are primarily high yield issues rated below investment grade; other fixed-income instruments of a similar nature that may be represented by derivatives, and securities issued by entities commonly referred to as collateralized loan obligations (CLOs) and other asset-backed securities. Its investments in CLOs may include investments in subordinated tranches of CLO securities. The Fund's investment adviser is Ares Capital Management II LLC.
ARES DYNAMIC CREDIT ALLOCATION FUND, INC. 
