Report
Stephen Ellis
EUR 101.80 For Business Accounts Only

Oaktree's Exemplary stewardship and fundraising skills should pay dividends for unitholders.

Oaktree turned in decent fourth-quarter results, and we plan to maintain our $50 fair value estimate and narrow moat rating. The bulk of the earnings improvement came from returns on fund investments, which increased to $88 million in the fourth quarter compared with a loss last year. Similarly, incentive income jumped to $71 million from $33 million in the prior year. Overall distributable earnings increased 38% to $144 million for the quarter. 
On the flip side, assets under management and inv...
Underlying
Oaktree Capital Group LLC Class A

Provider
Morningstar
Morningstar

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.

We have operations in 27 countries.

Analysts
Stephen Ellis

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