Oaktree Reports Strong Quarter, Benefits From Healthy Credit Performance
Oaktree’s third-quarter results reflect strong credit market performance, which is certainly beneficial, though actual inflows were on the low end. We plan to maintain our $50 fair value estimate and narrow moat rating. Distributable earnings for the manager were up 46% from last year’s results to $142 million, as revenue doubled to $365 million over the same time frame. Results benefited from strong credit market and fund performance, as Oaktree recognized $100 million in incentive income, up f...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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