Oaktree Capital Management’s Howard Marks thinks the best opportunities have passed
| August 28th, 2009 | ||
| Although the economy is still shaky, Oaktree Capital Management’s Chairman Howard Marks believes that the best bargains in distressed assets may have already past. In an interview with Reuters, Marks said that the debts which were selling at super cheap prices early in the crisis may have bottomed out. Mr. Marks continued to say that anyone who didn’t spend money during the fourth quarter last year missed out on a huge opportunity. Oaktree Capital, which manages over $60 billion in debt, real estate, and other assets did make investments during that time period. Additionally, Oaktree has been chosen by the US Treasury to create funds under the Public-Private Investment plan which seeks to soak up debt from fledgling banks. | ||
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OakTree Capital Management |
Related People: Bruce Karsh;
Related Entities: Oaktree Distressed Opportunities;
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News
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