CION Ares Management (ARES), a joint venture between affiliates of CION Investment (CION)s and Ares Management announced, that CION Ares Diversified Credit Fund recently surpassed $6 billion in total assets under management. CION co-CEO Michael Reisner noted, “We introduced a diversified credit strategy in an interval fund structure in 2017 because we believed that individual investors, through their financial advisors, should have access to the benefits that the private markets can bring in achieving long-term investment goals. We were ahead of the curve in finding the right structure to offer alternatives to individuals, and the Fund’s growth is a testament to the commitment we’ve made to the space, and the partnerships we’ve built. CADC can offer the opportunity for income, stability and lower portfolio volatility through diversification away from public markets, and we believe financial advisors are increasingly seeking these assets as a differentiator in their clients’ portfolios.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on CION:
- CION Investment Corp Announces Q3 Earnings Call and Webcast
- Cion Investment initiated with a Perform at Oppenheimer
- Cion & GCM Grosvenor team on development of private market investments
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
