Deals
Ares Climbs Most Ever on Possible Kayne Anderson Merger
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Ares Management LP, the credit and private equity firm with $87 billion under management, rose the most in its 13 months as a public company as it weighs acquisitions.
Ares gained 4.8 percent to $20.21 at the close of trading in New York. The Los Angeles-based firm, which has a market capitalization of about $4.3 billion, extended its gain this year to 18 percent.