Business Context and Reporting Period
This Form 8-K is a current report filed by Oaktree Capital Group, LLC on January 27, 2014. The filing serves as a Regulation FD disclosure to update investors on Assets Under Management (AUM) as of December 31, 2013, contemporaneous with updates to fund presentation materials and the company website.
Key Financial Metrics
The filing provides specific metrics regarding asset management capacity but does not report revenue, profit, cash flow, margins, debt, or liquidity figures.
- Total Assets Under Management (AUM): $83.6 billion as of December 31, 2013.
- Management Fee-Generating AUM: $72.0 billion as of December 31, 2013.
Note: The filing text does not provide clear values for revenue, net income, operating cash flow, debt levels, or liquidity ratios.
Material Changes and Comparisons
The filing text does not provide comparative data for the prior period (e.g., December 31, 2012) or the prior quarter to calculate material changes in AUM or other metrics. It only states the absolute values as of the reporting date.
Guidance, Outlook, and Risks
Upcoming Results: The company announced it will report fourth quarter and full-year 2013 financial results prior to the opening of the New York Stock Exchange on February 13, 2014.
Forward-Looking Statements: The report includes standard disclaimers regarding forward-looking statements. Management notes that actual results may differ materially due to factors including:
- Volatile anticipated revenue and income.
- Changes in the value of investments.
- The pace of raising new funds.
- Timing and tax impact of carried interest.
- General economic and market conditions.
Risk Factors: Investors are directed to the "Risk Factors" section in the Company's Annual Report on Form 10-K for the year ended December 31, 2012, and the Quarterly Report on Form 10-Q for the quarter ended September 30, 2013, for a detailed list of uncertainties.
Investor Verification Checklist
- Verify the full-year 2013 financial results when released on February 13, 2014.
- Review the definition of "management fee-generating AUM" to understand exclusions such as undrawn capital and funds beyond their fee-paying term.
- Consult the Form 10-K (2012) and Form 10-Q (Q3 2013) for detailed risk factors and historical financial performance.
- Monitor the pace of new fund raising and the impact of market conditions on investment valuations.