Apollo Management Holdings Lowers stake in Ares Dynamic Credit Allocation Fund (ARDC)

Ares Dynamic Credit Allocation Fund (ARDC) : Apollo Management Holdings reduced its stake in Ares Dynamic Credit Allocation Fund by 26.36% during the most recent quarter end. The investment management company now holds a total of 50,000 shares of Ares Dynamic Credit Allocation Fund which is valued at $686,000 after selling 17,901 shares in Ares Dynamic Credit Allocation Fund , the firm said in a disclosure report filed with the SEC on May 12, 2016.Ares Dynamic Credit Allocation Fund makes up approximately 0.02% of Apollo Management Holdings’s portfolio.

Other Hedge Funds, Including , Raymond James Associates boosted its stake in ARDC in the latest quarter, The investment management firm added 4,028 additional shares and now holds a total of 165,067 shares of Ares Dynamic Credit Allocation Fund which is valued at $2.3 Million. Ares Dynamic Credit Allocation Fund makes up approx 0.01% of Raymond James Associates’s portfolio.Bessemer Group Inc boosted its stake in ARDC in the latest quarter, The investment management firm added 80,000 additional shares and now holds a total of 605,715 shares of Ares Dynamic Credit Allocation Fund which is valued at $8.3 Million. Ares Dynamic Credit Allocation Fund makes up approx 0.05% of Bessemer Group Inc’s portfolio. Landscape Capital Management L.l.c. sold out all of its stake in ARDC during the most recent quarter. The investment firm sold 28,866 shares of ARDC which is valued $396,042.Penserra Capital Management boosted its stake in ARDC in the latest quarter, The investment management firm added 52 additional shares and now holds a total of 251 shares of Ares Dynamic Credit Allocation Fund which is valued at $3,444. Investment House added ARDC to its portfolio by purchasing 10,555 company shares during the most recent quarter which is valued at $143,654. Ares Dynamic Credit Allocation Fund makes up approx 0.02% of Investment House’s portfolio.

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