Oaktree To List On NYSE

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.


In Depth

Bob Doll's Ten Market Predictions For 2016

Jan 7 2016 | 9:37pm ET

Well-known market strategist Robert Doll has published his annual list of ten predictions...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedge Fund Marketing - Making the Most of Your Salesperson

Jan 20 2016 | 8:11pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth takes a close...