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Stock impact report

Ares Management Corporation Reports Fourth Quarter and Full Year 2018 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 fourth quarter and year ended December 31, 2018. “Despite market volatility in the fourth quarter, we reported strong fourth quarter earnings which concluded a great year for Ares with year over year growth in our fee related earnings and realized income of 18% and 21%, respectively,” said Michael Arougheti, Chief Executive Officer of Ares. “We also raised gross capital of more than $10 billion in the fourth quarter, bringing full year gross fundraising to a record $36 billion, driving AUM growth of 23%.” “We ended 2018 with over $28 billion of AUM raised but not yet deployed and earning fees, putting us in an excellent position to drive future earnings growth in 2019,” said Michael McFerran, Chief Operating Officer and Chief Financial Officer of Ares. “Based on our expected fee related Show less Read more
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