Oaktree Capital Group LLC, the world’s biggest distressed-debt investor, is joining with the Chinese government-backed China Cinda Asset Management Co. to buy soured loans and troubled assets in Asia’s biggest economy.
Carl Giannone says he’s given up hunting for quality stocks. Now he’s simply riding the wave of upward momentum in the U.S. market.
Oaktree Capital Group LLC Chairman Howard Marks said it’s difficult to find bargains because prices of private assets have risen as investors search for yield.
As Treasury secretary, Timothy Geithner oversaw the bailouts of the country’s biggest banks, brought down by hundreds of billions of mortgage securities the lenders had bought to boost profit.
Twitter Inc.’s initial public offering may have signaled the return of risk tolerance that should prompt professional investors to pause, Oaktree Capital Group LLC Chairman Howard Marks said.
Oaktree Capital Group LLC, the world’s largest distressed-debt investor, is buying Chinese stocks after valuations tumbled, Chairman Howard Marks said.
Most Chinese companies rose after an official government report showed service industries expanded at a faster pace in October. Property stocks declined.
The following is a selection of the most important news affecting the oil market.
Oaktree Capital Group LLC, the world’s largest distressed-debt investor, said third-quarter profit rose 70 percent as it earned more fees for exceeding performance targets.
Howard Marks was failing miserably. It was 1977, and the research group he oversaw at Citibank had recommended Nifty 50 stocks that lost 90 percent of their value over the previous decade.
"I'm not ready to blow the whistle and say' everybody out of the pool."
- Howard Marks on Nov 19, 2013