Ares Management (ARES) Tops Q2 EPS by 2c

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Ares Management, L.P. Reports Second Quarter 2017 Results

August 4, 2017 6:00 AM EDT

LOS ANGELES--(BUSINESS WIRE)-- Ares Management, L.P. (NYSE: ARES) today reported its financial results for its second quarter ended June 30, 2017.

"Ares generated record second quarter earnings driven by strong fund appreciation and growth in management fees," said Tony Ressler, Chief Executive Officer of Ares. Supported by more than $5 billion in new commitments in the second quarter and more than $15 billion raised over the past twelve months, we have crossed a major milestone for our firm, passing the $100 billion mark and ending the quarter with $104 billion in AUM.

Our results reflect our strong fundraising momentum,... More