Ares Management (ARES) Misses Q3 EPS by 5c, Revenues Miss
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Ares Management, L.P. Reports Third Quarter 2018 Results
November 1, 2018 6:00 AM EDTLOS ANGELES--(BUSINESS WIRE)-- Ares Management, L.P. (NYSE: ARES) today reported its financial results for its third quarter ended September30, 2018.
"Our assets under management crossed over $125 billion as we have experienced record fundraising with approximately $26 billion of gross capital raised through the first nine months, said Michael Arougheti, Chief Executive Officer and President of Ares. The benefits from our AUM growth and expanded investment capabilities are being reflected in record management fee income and fee related earnings for the third quarter, both of which have experienced double digit growth compared to the same... More
