Oaktree opens Sydney office, eyes miner distress

The distressed debt expert has opened an office in Australia as China’s slowdown weighs on the country's miners.

Oaktree opens Sydney office, eyes miner distress

Oaktree Capital has opened an office in Sydney at a time when falling commodity prices and China’s economic slowdown are weighing on the economy Down Under, the distressed debt investment specialist said on Thursday.

Byron Beath will lead investment activities in the region, the Los Angeles-headquartered firm said in a statement.

The move follows Australia’s mining boom collapse in the face of falling commodity prices and rising costs, whucb...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition