More on Ares Management results

|About: Ares Management, L.P. (ARES)|By:, SA News Editor

Not yet public during Q1, Ares Management (ARES) nevertheless reports Q1 results, with total AUM of $77B up 26.9% Y/Y.

Fee earning AUM of $57.2B up 20.3%. Management fees of $139.9M up 28.7%, and represented 86% of total fee income in Q1.

Economic net income of $77.4M fell from $93.9M a year ago thanks mostly to a decline in unrealized net performance fees in Tradable Credit (which had a big 2013 Q1).

CC at 12 ET

Previously: Ares Management Q1 results