Hedge Funds

Ares Management taps PIMCO pro for new portfolio manager


Ares Management, a $6 billion private equity and leveraged finance specialist based in Los Angeles, has brought on a new co-manager for its year-old hedge fund.

David Hinman had spent the last 10 years at Pacific Management Company, running a number of credit-oriented portfolios including PIMCO Corporate Opportunity Fund and PIMCO Global Credit Fund.

At Ares, he will lend his expertise in credit derivatives and investment grade debt to Ares Total Value Fund, co-managing the offering together with Ares co-founder David Sachs. Until now, Ares Total Value has invested mostly in bank debt, special situations, high-yield and post-reorganization