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Why Oaktree’s Marks Is Still Buying in a Bearish Market

Matthew Johnston

As the market plunges, a small group of veteran investors are still buying. Howard Marks, co-founder and co-chairman of Oaktree Capital, is one of those veterans. Marks, who made a fortune during the financial crisis loading up on distressed corporate debt, is continuing to add positions in order to take advantage of the cheap asset prices arising from the free fall that has gripped markets over the past week.