EARNINGS PER COMMON UNIT (Tables)

3 Months Ended

Mar. 31, 2016

EARNINGS PER COMMON UNIT

Schedule of antidilutive securities excluded from computation of earnings per share

	For the three months ended
	March 31,
	2016		2015
Options		23,495,886		25,022,983
Restricted units		6,203,740		834,288
AOG units		132,382,815		132,437,609

Schedule of the computation of basic and diluted earnings per common unit

	For the three months ended				For the three months ended
	March 31, 2016				March 31, 2015
	Basic		Diluted		Basic		Diluted
Net income (loss) attributable to Ares Management, L.P.	$	(3,090)	$	(3,090)	$	18,456	$	18,456
Earnings distributed to participating securities (restricted units)		(193)		(193)		(237)		(237)
Preferred stock dividends		(4)		(4)		—		—
Net income (loss) available to common unitholders	$	(3,287)	$	(3,287)	$	18,219	$	18,219
Weighted-average common units		80,683,051		80,683,051		80,667,664		80,667,664
Effect of dilutive units:
Restricted units		—		—		—		—
Options		—		—		—		—
Contingently issuable common units		—		—		—		—
Diluted weighted-average common units		80,683,051		80,683,051		80,667,664		80,667,664
Earnings (loss) per common unit	$	(0.04)	$	(0.04)	$	0.23	$	0.23