Ares Management (ARES) Tops Q3 EPS by 1c

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

November 3, 2017 6:00 AM EDT

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

"Ares generated record levels of fee related and distributable earnings during the third quarter driven by continued strong growth in our management fees and the partial monetization of several successful investments," said Tony Ressler, Chief Executive Officer of Ares. Our investment performance and platform expansion has contributed to our strong fundraising with more than $5 billion of inflows during the third quarter and over $16 billion over the last 12 months.

Our year... More