UPDATE 1-Shares of PE firm Ares Management fall in market debut
May 02, 2014 at 11:44 AM EDT
May 2 (Reuters) - Shares of Ares Management LP, the first U.S. private equity firm to go public in about two years, fell as much as 5.3 percent in their trading debut on Friday, adding to the list of underperforming IPOs over the past month.