NEW YORK, Dec. 12, 2018 /PRNewswire-PRWeb/ -- CION Investments extends its commitment to investor-first solutions by announcing that the CION Ares Diversified Credit Fund is reducing the management fee to 1.25% and incentive fee to 15%.
"Our goal is to provide investors with unparalleled value and better structured investing options that individuals need and deserve. We believe these changes will only enhance the value we aim to provide investors," said Michael A. Reisner, co-CEO of CION Investments.
As the demand for income options outside of traditional fixed income continues to grow, the CION Ares Diversified Credit Fund is a dynamic core income solution that has the flexibility to invest in various liquid and illiquid asset classes across the global credit spectrum. The fund's flexible strategy leverages the full breadth of Ares' credit platform and seeks to identify the best relative opportunities in both normal and volatile markets.
About CION Investments
CION Investments is a leading manager of alternative investment solutions designed to redefine the way individual investors can build their portfolios and help meet their long-term investment goals. With more than 30 years of experience in the alternative asset management industry, CION strives to level the playing field. CION currently manages CION Investment Corporation, a leading non-traded BDC, and sponsors, through CION Ares Management, CION Ares Diversified Credit Fund, a globally diversified interval fund.
About Ares Management Corporation
Ares Management Corporation is a publicly traded, leading global alternative asset manager with approximately $125 billion of assets under management as of September 30, 2018 and 18 offices in the United States, Europe, Asia and Australia. Since its inception in 1997, Ares has adhered to a disciplined investment philosophy that focuses on delivering strong risk-adjusted investment returns throughout market cycles. Ares believes each of its three distinct but complementary investment groups in Credit, Private Equity and Real Estate is a market leader based on assets under management and investment performance. Ares was built upon the fundamental principle that each group benefits from being part of the greater whole.
SOURCE CION Investments
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