Oaktree Capital Management

Not to be confused with Oak Hill Capital Partners or Oak Investment Partners.

Oaktree Capital Management, Inc.

Type	Private
Industry	Financial services
Founded	April 1995 (1995-04)
Founder(s)	Howard Marks, Bruce Karsh, Steve Kaplan, Larry Keele, Richard Masson, Sheldon Stone
Headquarters	Los Angeles, USA
Number of locations	14
Key people	Howard Marks (Chairman) Bruce Karsh (President) John Frank (Managing Principal)
AUM	US$$82.4 billion (as of 31 December 2010 (2010 -12-31))
Website	www.oaktreecapital.com

Oaktree Capital Management, L.P. is a global investment management corporation with about US$82.4 billion of assets under management. Oaktree's mission is to provide 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.

Securities 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. 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.^{[citation needed]}

Assets

Assets by strategy

Type	%	US$ (millions)
High Yield Debt	29	22,038
Convertibles	11	8,570
Distressed Debt	38	29,198
Private Equity	17	12,702
Real Estate	4	2,763
Listed Equities	1	846
TOTAL	100	76,117

Assets by client

Client type	%	US$ (millions)
Public Funds	37	28,383
Corporate	30	22,968
Endowments and foundations	8	6,079
Private clients	7	5,613
Insurance companies	7	5,399
Mutual funds	3	1,879
Taft-Hartley	1	742
Other	7	5,054
TOTAL	100	76,117

Current investments

This list is incomplete; you can help by expanding it.

• Nordenia — product packaging manufacturer in Germany
• R&R Ice Cream — a European ice cream producer based in the UK
• Sky Holding — jet airplane ownership
• Verreries de l’Orne à Ecouché (Orne) — glass etching firm — 1 April 2010
• Campofrío Food Group — (24%) European food industry

Aluminum manufacturing

• Aleris International — acquired 1 May 2010
• Almatis Group — acquired 2010

Media

• Triton Media Group — media group managed by Oaktree
• Townsquare Media — broadcast station and local media company owned by Oaktree — acquired 1 April 2010
• Cumulus Media — An October 20, 2011, SEC filing by Oaktree shows that it has purchased 3,985,983 shares of Cumulus Media stock, giving Oaktree a position currently valued at $11,320,192 in the radio operator.

Manufacturing

• AdvancePierre Foods (a merger completed September 30, 2010 from Pierre Foods, Advance Foods, and Advance Brands) — a food manufacturing company with facilities in Iowa, Oklahoma, Ohio, North Carolina, & South Carolina

See also

• Category:Oaktree Capital Management—articles about assets held by Oaktree

External links

• Oaktree's main website
• Oaktree information on Google Finance