Ares Management (ARES) Tops Q4 EPS by 9c
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Ares Management, L.P. Reports Fourth Quarter and Full Year 2017 Results
February 15, 2018 6:00 AM ESTLOS ANGELES--(BUSINESS WIRE)-- Ares Management, L.P. (NYSE: ARES) today reported its financial results for its fourth quarter and year ended December 31, 2017.
The fourth quarter of 2017 concluded a record year for Ares as we generated year over year management fee and fee related earnings growth of 13% and 26%, respectively. We saw double digit growth in our assets under management and margin improvement from scale efficiencies in our business, said Michael Arougheti, Chief Executive Officer of Ares. Our after-tax economic net income growth of 37% reflected strong fund investment performance across our primary investment strategies.... More
