Ares Management Corporation, a key player in the financial sector, has announced its impressive financial results for both the fourth quarter and the entirety of 2023.
![A view of the Ares Office. PHOTO: Ares Media](https://krugmaninsights.com/wp-content/uploads/2024/01/ares-capital-management-1-1024x650.webp)
The firm’s GAAP net income for the quarter stood at $174.0 million, climbing to $474.3 million for the full year.
When broken down per share for Class A and non-voting common stock, the basic net income was