Ares Management (ARES) Misses Q1 EPS by 15c

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Ares Management, L.P. Reports First Quarter Results

May 10, 2016 6:30 AM EDT

LOS ANGELES--(BUSINESS WIRE)-- Ares Management, L.P. (NYSE: ARES) today reported its financial results for its first quarter ended March 31, 2016.

Total assets under management (AUM) of $93.5 billion $3.0 billion in gross capital raised during the three months ended March 31, 2016 Available Capital of $23.0 billion AUM Not Yet Earning Fees of $16.5 billion Fee related earnings of $39.0 million for the three months ended March 31, 2016 Economic net income of $24.1 million on a pre-tax basis for the three months... More