Oaktree Capital Management, every mention

Howard Marks & Andrew Marks: Something of Value · Acquired Aug 30, 2022 · 19 mentions

• ▶ 1:02 Ben Gilbert We are joined today by the legendary value investor Howard Marks, the co-founder of Oaktree Capital Management, and his son Andrew Marks, the co-founder of TQ Ventures.
• ▶ 1:13 Ben Gilbert Oaktree, for those who don't know, is one of the leading investment management firms in the world specializing in alternative investments.
• ▶ 8:16 Howard Marks Oaktree was scheduled to have a conference for its clients on the 11th.
• ▶ 8:25 Howard Marks For live streaming, and so we were in L.A., which of course is Oaktree's headquarters.
• ▶ 14:44 Howard Marks And I think that for the most part, Oaktree does what Warren and Charlie do.
• ▶ 43:21 Howard Marks Well, oak trees, I think the thing we're known best for is investing in distressed debt, and when we started that in 88, my partner Bruce Karsh and I had this idea.
• ▶ 48:59 Howard Marks But on the other hand, we started Oak Tree at a time when the quest for alternative investments was extremely strong.
• ▶ 50:16 Howard Marks Well, the great advantage we had is that the people who started Oak Tree, there were five of us, three others in addition to Bruce and me, had worked together on average for nine years at the time we did it.
• ▶ 50:32 Howard Marks All we had to do was what we had been doing at TCW before Oaktree, and for the most part, that meant I was out raising the money and visiting with the clients and representing us to the greater community and clients and prospects, and…
• ▶ 54:23 David Rosenthal You point out that the nature of Oaktree and TQ's investment businesses is very different, and thus the core competencies are, you know, very different too.
• ▶ 54:38 David Rosenthal But it's probably just not as important as it was at Oak Tree.
• ▶ 1:03:01 David Rosenthal Andrew, I imagine this is less so for you, but certainly at Oaktree, you recruited a lot of people.
• ▶ 1:14:34 Ben Gilbert Oaktree had a, I don't know if you would categorize it as a acquisition or a merger or potentially a majority interest investment, but Howard, I wondered if you'd be willing to share with us
• ▶ 1:14:54 Howard Marks Brookfield approached us and said that credit was the obvious omission in their list of alternative investment categories that they were providing, and they could build it, but it might take 10 years and they might end up with less than we…
• ▶ 1:15:35 Howard Marks We've had them for 20 years, and they were never fulfilled before, and Brookfield hit them all, which is that Oaktree would continue to exist, would continue to be an independent entity, that we would run it,
• ▶ 1:15:56 Howard Marks They would be Oaktree clients tended by Oaktree.
• ▶ 1:16:39 David Rosenthal When did you start Oak Tree?
• ▶ 1:26:13 Howard Marks Are available at oaktreecapital.com slash insights under the heading of Chairman's Memos, and you can read them all one at a time in order, and the only thing I can promise you is the price is right, because they're all free.
• ▶ 1:29:41 Howard Marks No, I think we probably started posting probably around 2000, maybe when we got on the internet, which was of course a little earlier, but when we started Oak Tree, they gave me a computer.