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Oaktree’s Marks Warns Liquid-Alternative Funds Won’t Deliver

TedTed
in Fund Discussions
FYI: Howard Marks, the billionaire co-founder of Oaktree Capital Group LLC, isn’t a fan of liquid alternatives.

“They’re supposed to deliver performance comparable to other alternative investments without the illiquidity they entail,” Marks wrote in a memo to clients Wednesday. “To me it sounds like just one more promise of something for nothing.”
Regards,
Ted
http://www.fa-mag.com/news/oaktree-s-marks-warns-liquid-alternative-funds-won-t-deliver-21190.html?print

Comments

  • MarkMark
    Howard's own stock (OAK) is performing similarly YTD.
  • CharlesCharles
    Ha! Yes it is.

    Partly I'm sure because of the secondary offering...to buyout certain partners.
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