Ares Management (ARES) Misses Q3 EPS Views
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Ares Management, L.P. Reports Third Quarter 2015 Results
November 10, 2015 6:30 AM ESTTotal assets under management (AUM)1 increased to $91.5 billion, a 14.9% increase year over year $6.5 billion in gross capital raised during the three months ended September 30, 2015 and $15.5 billion raised over the twelve months ended September 30, 2015 Fee related earnings were $43.1 million and $137.2 million for the three and nine months ended September 30, 2015, up 5% and 28% from the three and nine months ended September 30, 2014, respectively Economic net income was $6.0 million on a pre-tax basis and ($0.00) per unit,2 net of tax, down from $72.1 million on a pre-tax basis and $0.32 per unit for the three months ended... More
