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World’s Biggest Distressed-Debt Investor Howard Marks Puts $400 Million in Energy

The huge drop in oil prices should create new opportunities for investments in distressed debt.

Howard Marks Oaktree

Over the Q4, Oaktree Capital Group LLC invested $400 million in energy assets, because its co-chairman Howard Marks believes falling oil prices are going to pressure producers, Bloomberg reported.

“The good news is that we had better buying opportunities, which we were quick to exploit, ” Marks on a conference call Monday.

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Marks explained that the huge drop in oil prices should create new opportunities for investments in distressed debt. So Oaktree is throwing caution to the wind because, soon enough, oil producers will start selling out.

Energy now comprises about 8 percent of Oaktree’s $90.8 billion in managed assets, according Marks.

Bloomberg noted that Oaktree Q4 profit fell 63 percent to $98 million from 2013. Its stock fell 0.7 percent to $54.10 Monday afternoon in New York.



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