$ARES is one of biggest losers #stocks today. read more:

Ares Management L.P. Common Uni (symbol: ARES) was one of the worst losers
of the trading day today (2016-09-30), losing -6.65%. The number of shares
that changed hands was 75,572, or about 2 times the average daily volume in
the stock.
The closing price was $17.41, amounting to a market cap of $3,730,000,000,
about -10.9% off the highest price in the last 12 months. The stock has
been trading at a range between $10.72 and $19.54.
ARES is in the Investment Managers industry, part of the Finance sector. It
first went public in 2014.
Looking at its valuation, the stock is now trading at 61.96 times earnings.