Oaktree Capital has returned $3 billion from its distressed investment fund to investors, Financial Times reports. The U.S. asset management firm raised $10 billion for its vehicle from investors.
The fund, which is being managed by Bruce Karsh, invests in distressed debt of companies. Oaktree’s holdings include U.S. finance company, CIT and U.S. shopping mall owner, GeneralGrowthProperties.
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