Distressed Debt Investors Rush To Raise Money In Market “Sea Change”

The founder of Oaktree Capital Management, Howard Marks, made a name for himself as a distressed debt investor. He has since become best known for his so-called investment “memos,” which are full of his thoughts on the economy and investment strategies. First published in 1990, these semi-regular letters have become an invaluable resource for investors to learn from one of the greatest asset managers of all time. In his latest memo, Marks writes that he believes the market is currently going through a “Sea Change” – the third in his career. The Investing “Sea Change” The first major Sea Change…