Oaktree Capital Group (OAK) Tops Q2 EPS by 26c
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Oaktree Announces Second Quarter 2019 Financial Results
July 25, 2019 8:30 AM EDTAs of June 30, 2019 or for the quarter then ended, and where applicable, per Class A unit:
GAAP net income attributable to Oaktree Capital Group, LLC (OCG) Class A unitholders was $42.4 million ($0.57 per unit), up from $31.1 million ($0.44) for the second quarter of 2018, primarily reflecting higher incentive income. Distributable earnings were $138.3 million ($0.88 per unit), up from $114.3 million ($0.69) for the second quarter of 2018, driven by higher incentive income. Assets under management were $120.4 billion, up 2% for the quarter and down 1% over the last 12 months. Gross capital raised was $4.3 billion and... More