Ares Management (ARES) Tops Q4 EPS by 7c
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Ares Management, L.P. Reports Fourth Quarter and Full Year 2016 Results
February 24, 2017 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, 2016.
"Our strong fourth quarter results concluded a very good year for Ares as our earnings rose significantly from stronger investment performance and higher net investment income," said Tony Ressler, Chief Executive Officer of Ares. "Our strong financial performance was broad based as all three of our groups generated full year growth in economic net income and distributable earnings."
"During 2016, we continued to enjoy widespread demand from our existing... More
