There haven't been any insider transactions in the last three months -- that doesn't mean much. While we feel good about high insider ownership of Ares Management, we can't say the same about the selling of shares. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Ares Management. For example, Ares Management has 3 warning signs (and 2 which don't sit too well with us) we think you should know about.