Oaktree Capital Group (OAK) Tops Q1 EPS by 19c
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Oaktree Announces First Quarter 2015 Financial Results
April 30, 2015 8:31 AM EDTAssets under management grew to a record $100 billion as of March 31, 2015, up 16% year-over-year, on record capital inflows of $11 billion and $23 billion for the quarter and 12 months ended March 31, 2015, respectively. Adjusted net income for the first quarter of 2015 declined to $155 million, or $0.85 per Class A unit, from $247 million, or $1.46 per Class A unit, for the first quarter of 2014, primarily on lower incentive income. Distributable earnings for the first quarter of 2015 declined to $141 million, or $0.81 per Class A unit, from $233 million, or $1.41 per Class A unit, for the first... More
