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Oaktree Capital Management
Type Private Ownership
Founded 1995
Headquarters Flag of the United States.svg Los Angeles
Key people Howard Marks, Chairman Bruce Karsh, President
Industry Private Equity
Total assets $60 billion[1]
Website www.oaktreecapital.com

Oaktree Capital Management, L.P. is a global investment management corporation with about $60 Billion of assets under management. Oaktree's mission is to provide highly professional management with a primary emphasis on risk control in a limited number of sophisticated investment specialties. Oaktree is involved in less efficient markets and alternative investments and has extensive experience, a solid track record, broad product range and substantial assets under management. Oaktree is dedicated to the achievement of consistent and superior performance without accepting high risk.

Contents

Assets By Strategy

(Millions)
High Yield Debt $14,937
Convertibles $5,917
Distressed Debt $16,158
Private Equity $9,809
Real Estate $1,265
Listed Equities $1,177
TOTAL $49,263

*As of December 31, 2008

SEC Violations

The Securities And Exchange Commission issued an order finding that on four occasions from September 2003 to March 2004, Oaktree Capital Management, LLC’s Emerging Markets Fund sold securities short within five business days before the pricing of public offerings and then covered the short positions with securities purchased in the offerings. Oaktree created boxed positions, and then crossed the long and short position against the other resulting in a flat position in the issuer’s stock. Oaktree then instructed a broker-dealer to print the buy cover and sell long transactions to the consolidated tape.[2] Oaktree was forced to disgorge the profits it made on the prohibited transactions, and pay interest and a penalty. Oaktree has since put in place policies and procedures to prevent violations in the future.

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References

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