Howard Marks’ Oaktree Files First Earnings Report as a Public Co.

The world’s largest distressed debt investor, Los-Angeles based,  Oaktree Capital Group LLC (NYSE:OAK), announced its second quarter results, the first as a public company today. Oaktree is a value oriented asset manager, founded by Howard Marks. ‘Economic net income’ (ENI) grew by 6 percent to $103.6 million (60 cents a share), from $98 million (43 cents a share) in the year ago period. According to this article by Amy Or in the Wall Street Journal, total revenue rose 13.6 percent to $341.1 million, from $300.3 million in the quarter last year, as better returns accrued to its distressed investments portfolio, new…