Oaktree Capital Management
Howard Marks received a B.S.Ec. degree from the Wharton School of the University of Pennsylvania with a major in finance in 1967 and an M.B.A. in accounting and marketing from the Graduate School of Business of the University of Chicago in 1970. He worked at Citibank/Citicorp as a security analyst and unit head from 1969 through 1975 and as director of investment research from 1975 to 1978. In 1978, he shifted to portfolio management, organizing Citicorp’s first activities in convertible securities and high yield bonds. From 1985 to 1995, Mr. Marks worked at Trust Company of the West where his activities grew to include debt obligations of financially troubled companies. Since 1995, he has been chairman of Oaktree Capital Management LLC. Oaktree, which opened its doors in April 1995, manages investments in high yield bonds, domestic and international convertibles, distressed debt, real estate, private equity, mezzanine loans and emerging markets. It also manages preexisting TCW Special Credits Funds for distressed debt investments under arrangements with Trust Company of the West. The total capital committed to Oaktree’s accounts and funds exceeds $33 billion.
Mr. Marks is a chartered financial analyst, a chartered investment counselor and a member of the Los Angeles Society of Financial Analysts. He chairs the Investment Board of the University of Pennsylvania and is a trustee. He is a member of the investment committees of the Edmund J. Safra Philanthropic Foundation and the David and Lucile Packard Foundation. |
