Ares Management (ARES) Reports In-Line Q1 EPS

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Ares Management, L.P. Reports First Quarter 2018 Results

May 3, 2018 6:00 AM EDT

LOS ANGELES--(BUSINESS WIRE)-- Ares Management, L.P. (NYSE: ARES) today reported its financial results for its first quarter ended March 31, 2018.

During the first quarter, Ares continued its strong momentum with 29% year over year fee related earnings growth, one of our highest quarters of new fund commitments totaling $6.9 billion and continued solid fund performance, said Michael Arougheti, Chief Executive Officer and President of Ares. We continue to make investments in adjacent fund strategies in order to capitalize on the opportunities for market expansion as investors increasingly prefer alternative investment strategies.

Our management fees,... More