Thursday, 27 November 2014
Last updated 1 day ago
May 18 2011 | 10:49am ET
Hedge fund and asset management firm Oaktree Capital Management is set to become the next alternative investments house to dip its toes into public water.
The Los Angeles-based firm, which has a total of $82 billion in assets under management, plans to move its shares from a private exchange run by Goldman Sachs to the New York Stock Exchange. Oaktree's move would echo Apollo Global Management's switch from the same Goldman secondary market to the NYSE in March.
But unlike Apollo, Oaktree would not pair the move with a concomitant initial public offering, the Financial Times reports.
Oaktree sold about 30% of itself in a private placement to institutional investors four years ago. The firm's principals, led by founders Bruce Karsh and Howard Marks, retained the rest.
Goldman is managing the share transfer.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
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