Hedge Fund - Oaktree Capital Management

Oaktree Capital Management is an investment firm based in Los Angeles, specializing in alternative investments with a focus on distressed debt, corporate debt, and convertible securities. The firm primarily targets companies that are overlooked by mainstream investors and other funds, often pursuing contrarian investment opportunities.

Howard Marks co-founded Oaktree Capital Management in 1995 alongside former colleagues from TCW Group. Before assuming a leadership role at Oaktree, he spent a decade at TCW Group, Inc., where he specialized in overseeing investments in distressed debt, high-yield bonds, and convertible securities. He pursued his undergraduate studies at the Wharton School of the University of Pennsylvania, graduating cum laude in 1967 with a major in finance and a minor in Japanese Studies. In 1969, at the age of 23, he completed his Master of Business Administration in Accounting and Marketing at the University of Chicago Booth School of Business, where he was awarded the George Hay Brown Prize. Marks became a CFA charterholder in 1975.

Oaktree Capital Management is an investment firm managing discretionary assets totaling $159,701,792,344, as reported in their Form ADV dated March 2024. Their Q1 2024 13F filing disclosed holdings of $6,361,354,810 in managed 13F securities, with a top 10 holdings concentration of 63.11%. The firm's largest holding is Torm Plc, with 51,006,538 shares held.