Oaktree Capital Management
Encyclopedia
Oaktree Capital Management, L.P. is a global investment management corporation with about US$82.4 billion of assets under management
. Oaktree's mission is to provide management with a primary emphasis on risk control in a limited number of sophisticated investment specialties. Oaktree is involved in less efficient markets and alternative investments.
to print the buy cover and sell long transactions to the consolidated tape.Oaktree was forced to disgorge the profits it made on the prohibited transactions, and pay interest and a penalty. Oaktree has since put in place policies and procedures to prevent violations in the future.
Aluminum manufacturing
Media
Manufacturing
Assets under management
Assets under management is a financial term used denote the market value of funds being managed by a financial instutition on behalf of its clients, investors, depositors, etc. This metric is a sign of size and success against competition...
. Oaktree's mission is to provide management with a primary emphasis on risk control in a limited number of sophisticated investment specialties. Oaktree is involved in less efficient markets and alternative investments.
Securities violations
The Securities And Exchange Commission issued an order finding that on four occasions from September 2003 to March 2004, Oaktree Capital Management, LLC’s Emerging Markets Fund sold securities short within five business days before the pricing of public offerings and then covered the short positions with securities purchased in the offerings. Oaktree created boxed positions, and then crossed the long and short position against the other resulting in a flat position in the issuer’s stock. Oaktree then instructed a broker-dealerBroker-dealer
A broker-dealer is a term used in United States financial services regulations. It is a natural person, a company or other organization that trades securities for its own account or on behalf of its customers....
to print the buy cover and sell long transactions to the consolidated tape.Oaktree was forced to disgorge the profits it made on the prohibited transactions, and pay interest and a penalty. Oaktree has since put in place policies and procedures to prevent violations in the future.
Assets
| Type | % | US$ (millions) |
|---|---|---|
| High Yield Debt | 29 | 22,038 |
| Convertibles | 11 | 8,570 |
| Distressed Debt | 38 | 29,198 |
| Private Equity | 17 | 12,702 |
| Real Estate | 4 | 2,763 |
| Listed Equities | 1 | 846 |
| TOTAL | 100 | 76,117 |
| Client type | % | US$ (millions) |
|---|---|---|
| Public Funds | 37 | 28,383 |
| Corporate | 30 | 22,968 |
| Endowment Financial endowment A financial endowment is a transfer of money or property donated to an institution. The total value of an institution's investments is often referred to as the institution's endowment and is typically organized as a public charity, private foundation, or trust.... s and foundations |
8 | 6,079 |
| Private clients | 7 | 5,613 |
| Insurance companies | 7 | 5,399 |
| Mutual fund Mutual fund A mutual fund is a professionally managed type of collective investment scheme that pools money from many investors to buy stocks, bonds, short-term money market instruments, and/or other securities.- Overview :... s |
3 | 1,879 |
| Taft-Hartley | 1 | 742 |
| Other | 7 | 5,054 |
| TOTAL | 100 | 76,117 |
Current investments
- Nordenia — product packaging manufacturer in Germany
- R&R Ice Cream — a European ice cream producer based in the UK
- Sky Holding — jet airplane ownership
- Verreries de l’Orne à Ecouché (Orne) — glass etching firm —
- Campofrío Food Group — (24%) European food industry
Aluminum manufacturing
- Aleris InternationalAleris InternationalAleris International is a producer of aluminum rolled and extruded products, recycled aluminum, and specification aluminum alloy manufacturing. Its headquarters are in Beachwood, Ohio, a suburb of Cleveland, and it has access to 40 production facilities across the world.Aleris was formed in 2004...
— acquired - Almatis Group — acquired
Media
- Triton Media GroupTriton Media GroupTriton Media Group, LLC, is a portfolio company of a fund managed by Oaktree Capital Management, L.P., a global investment management firm. It is based in Los Angeles.-Triton Radio Networks:...
— media group managed by Oaktree - Townsquare Media — broadcast station and local media company owned by Oaktree — acquired
- Cumulus MediaCumulus MediaCumulus Media, Inc. is the second largest Owner and Operator of AM and FM radio stations in the United States, behind Clear Channel Communications, operating 570 stations in 150 markets as of September 16, 2011. The company also owns Cumulus Media Networks...
— An October 20, 2011, SEC filing by Oaktree shows that it has purchased 3,985,983 shares of Cumulus Media stock, giving Oaktree a position currently valued at $11,320,192 in the radio operator.
Manufacturing
- AdvancePierre Foods (a merger completed September 30, 2010 from Pierre Foods, Advance Foods, and Advance Brands) — a food manufacturing company with facilities in Iowa, Oklahoma, Ohio, North Carolina, & South Carolina