Alternatives

Ares Management adds partner in credit unit to expand European strategies

Peter Higgins joined alternative investment firm Ares Management on Tuesday as a partner and portfolio manager in the alternative investment firm’s credit group, said Bill Mendel, spokesman.

In the new position, Mr. Higgins will be based in London and lead the firm’s expansion of its European leverage finance investment strategies.

Mr. Higgins was a partner and senior portfolio manager in the global leveraged finance group at BlueBay Asset Management. Mr. Higgins left BlueBay in 2015 and was not replaced, said spokeswoman Jayne Fieldhouse in an email.

Ares had $65.2 billion in credit assets under management and $99.8 billion in total AUM as of March 31, according to its most recent earnings statement.