Oaktree Capital Group (OAK) Tops Q4 EPS by 19c

Oaktree Capital Group (NYSE: OAK) reported Q4 EPS of $0.65, $0.19 better than the analyst estimate of $0.46. Revenue for the quarter came in at $47.6 million, versus $43.2 million reported last year.

AUM was $90.8 billion as of December 31, 2014, $93.2 billion as of September 30, 2014 and $83.6 billion as of December 31, 2013. The $2.4 billion decrease since September 30, 2014 reflected $2.6 billion of distributions to closed-end fund investors, a $0.5 billion negative net impact from foreign currency translation and $0.4 billion of market-value declines, partially offset by $1.3 billion in aggregate capital inflows and fee-generating leverage for closed-end and evergreen funds. Capital inflows and fee-generating leverage for closed-end and evergreen funds included $0.5 billion for collateralized loan obligation vehicles (“CLOs”), $0.4 billion for Oaktree Enhanced Income Fund II, L.P. (“EIF II”) and $0.2 billion for Mezz IV. The $2.6 billion of distributions to closed-end fund investors included $1.3 billion by Distressed Debt funds.

For earnings history and earnings-related data on Oaktree Capital Group (OAK) click here.

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