Billionaire Investor Howard Marks' Oaktree Capital Sells Major Holding and Reinvests in the Energy Sector
Briefly

Brookfield CEO Bruce Flatt stated, "This transaction enables us to broaden our product offering to include one of the finest credit platforms in the world, which has a value-driven, contrarian investment style, consistent with ours."
Oaktree Capital's latest 13F report revealed a significant lean towards convertible bonds over common stocks, with $6.24 billion invested across 168 securities, showcasing its focus on debt.
In the third quarter, Oaktree sold its major holding in Torm PLC, reallocating funds towards energy investments, a strategic move reflecting adaptive market responses.
Read at 24/7 Wall St.
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