BofA/Merrill Lynch Downgrades Ares Management, L.P. (ARES) to Neutral
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Ares Management, L.P. Reports Second Quarter Results
August 9, 2016 6:30 AM EDTLOS ANGELES--(BUSINESS WIRE)-- Ares Management, L.P. (NYSE: ARES) today reported its financial results for its second quarter ended June 30, 2016.
Ares generated significantly stronger second quarter results compared to the same period last year as our funds delivered good performance across our strategies despite increased levels of market volatility, said Tony Ressler, Chairman and Chief Executive Officer of Ares. Our franchise continues to expand as global investors seek higher, less correlated returns from alternative investments.
All three of our investment groups generated strong realizations during the second quarter, said Michael Arougheti, President... More
