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LOS ANGELES (AP) — LOS ANGELES (AP) — Ares Management LP (ARES) on Friday reported second-quarter profit of $137.1 million. The Los Angeles-based company said it had profit of 46 cents per share.

GAAP net income attributable to Ares was $137.1 million for the quarter, translating to $0.46 per share on both a basic and diluted basis. Fee related earnings reached $409.1 million. The company ...

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