OakTree Capital Management seeks higher returns in EU distressed debt market
|March 5th, 2011||
|OakTree Capital Management, an $82 billion investment firm, announced its intention to focus more of its distressed debt investments in the European Union. The firm, which manages about $33 billion in distressed debt investments, cited lower US returns as its reason for shifting abroad, according to an article form Bloomberg.. |
OakTree Capital Management was founded in 1995 by Howard Marks, Steve Kaplan, Richard Masson, Larry Keele and Sheldon Stone. The firm manages a range of strategies, including high-yield debt, convertibles, distressed debt, private equity, and real estate.
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