Ares recruits Cambridge Associates executive as head of investor strategy and solutions

Myles Gilbert was named partner, head of investor strategy and solutions at Ares Management, a news release said.

The position is new. Mr. Gilbert will oversee a team within the Ares strategy and relationship management group, including supporting new investment strategy development, coordinating cross-platform mandates and supervising consultant strategy.

Mr. Gilbert was a managing director at Cambridge Associates and co-chairman of its credit investment committee. His responsibilities are being filled by other members of Cambridge's investment team, a spokeswoman confirmed.

Ares spokesman Bill Mendel could not be reached for comment.

Ares Management had about $106 billion of assets under management as of Sept. 30.