Oaktree Capital Group (OAK) Misses Q2 EPS by 10c
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Oaktree Announces Second Quarter 2015 Financial Results
July 28, 2015 8:30 AM EDTAssets under management reached a record $103 billion as of June 30, 2015, up 13% year-over-year, on capital inflows of $6.3 billion for the second quarter and a record $24.0 billion for the 12 months ended June 30, 2015. Adjusted net income declined to $85.3 million, or $0.44 per Class A unit, for the second quarter of 2015 from $134.7 million, or $0.75, for the second quarter of 2014, primarily on lower investment income and fee-related earnings. Distributable earnings declined to $111.2 million, or $0.59 per Class A unit, for the second quarter of 2015 from $116.2 million, or $0.64, for the second quarter of 2014, on lower... More
