Ares Dynamic Credit Allocation Fund, Inc. (ARDC)

13.86 +0.07 (+0.51%) At close: 04:00PM EDT

Ares Dynamic Credit Allocation Fund, Inc.

2000 Avenue of the Stars
12th Floor
Los Angeles, CA 90067
United States
310 201 4100
https://www.arespublicfunds.com/funds/ardc/overview/

Sector(s): Financial Services
Industry: Asset Management
Full-time employees: 

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Seth J. Brufsky	CEO, Pres, Portfolio Mang. and Director	N/A	N/A	1967
Mr. Scott C. Lem	Chief Financial Officer	N/A	N/A	1978

Amounts are as of 31 December 2013, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Ares Dynamic Credit Allocation Fund, Inc. is a closed-ended fixed income fund launched by Ares Management LLC. The fund is managed by Ares Capital Management II LLC. It primarily invests in the U.S. securities and companies. The fund primarily invests in debt instruments such as senior loans made primarily to companies whose debt is rated below investment grade, corporate bonds that are primarily high yield issues rated below investment grade, equity securities of CLOs and debt securities issued by CLOs, and other fixed-income instruments. It focuses on such factors as the overall macroeconomic environment, financial markets, and company specific research and analysis, to create its portfolio. Ares Dynamic Credit Allocation Fund, Inc. was formed on November 27, 2012 and is domiciled in the United States..

Corporate governance

Ares Dynamic Credit Allocation Fund, Inc.’s ISS governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.