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Ares Management reports Q2 after-tax EPS $1.03, consensus $1.09

“We generated strong second quarter results, growing AUM, fee paying AUM and management fees by 24% or more year over year,” said Michael Arougheti, CEO of Ares. “Our AUM benefited from our second highest level of quarterly gross fundraising coupled with record quarterly market appreciation driven by strong investment performance across our major strategies. With our diversified suite of funds and products seeing strong investor interest across our institutional, wealth and insurance channels, we believe we are on pace to meet or exceed our previous annual record for fundraising.”

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