Ares Management (ARES) Reports Q1 Loss of $0.58/Share, Distributable Earnings $0.14/Share
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Ares Management, L.P. Reports First Quarter 2017 Results
May 8, 2017 6:00 AM EDTLOS ANGELES--(BUSINESS WIRE)-- Ares Management, L.P. (NYSE: ARES) today reported its financial results for its first quarter ended March 31, 2017.
"Ares had a good start to 2017 with 19% year over year growth in fee paying assets under management and 20% year over year growth in our fee related earnings supported by contributions from all three of our investment groups," said Tony Ressler, Chief Executive Officer of Ares. We continue to take advantage of the attractive fundraising environment, raising over $3 billion in gross capital during the first quarter and more than $14 billion over the past... More
