Ares Management reports Q1 afer-tax EPS $1.09, consensus 94c

“We reported strong first quarter results with robust fundraising and investing activities, 20% or more year-over-year growth in many of our key financial metrics and assets under management that surpassed a half a trillion dollars,” said CEO Michael Arougheti. “We are also pleased with the initial integration progress for our recently closed and highly strategic acquisition of GCP International, which significantly bolsters our Real Assets business.” “With a record amount of assets under management not yet paying fees of nearly $100 billion, we remain well positioned to make attractive investments in a volatile market environment,” said CFO Jarrod Phillips. “We have a history of resilient growth during market dislocations as our management fee centric and asset-light business model enables us to perform well through market cycles.”