Oaktree struggles to capitalise on China distress

Despite a partnership with China Cinda, the distressed debt investor is finding it hard to put money to work in Chinese NPLs, reveals Oaktree Capital co-founder Howard Marks.

Oaktree struggles to capitalise on China distress

Debt distress is on the rise in China as the world’s second-largest economy slows but it’s been tough going so far buying assets on the cheap, Howard Marks, co-chairman and co-founder of Oaktree Capital, said on Thursday.

Almost two years after sealing a partnership with China Cinda Asset Management, one of China’s so-called bad banks, and earmarking $1 billion for distressed debt purchases, the joint venture has yet to make an...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Print Edition

FinanceAsia Print Edition