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Stock impact report

Ares Management Corporation Reports First Quarter 2019 Results

Ares Management Corporation Class A (ARES) 
Last ares management corporation class a earnings: 2/13 06:00 am Check Earnings Report
US:NYSE Investor Relations: ares-ir.com
Company Research Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)-- Ares Management Corporation (NYSE:ARES) today reported its financial results for its first quarter ended March 31, 2019. “Our first quarter results demonstrate continued strong growth with our fee related earnings, realized income and assets under management all growing at 18% or better on a year over year basis,” said Michael Arougheti, Chief Executive Officer and President of Ares. “Demand for alternative assets remains robust and our broad platform continues to resonate with our clients with approximately $6.5 billion in gross capital added during the first quarter.” “We ended the first quarter with approximately $24 billion of assets under management raised but not yet deployed or earning fees, providing us strong visibility into continued earnings growth as we use our platform’s advantages to invest these funds,” said Michael McFerran, Chief Operating Officer a Show less Read more
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