Optimistic on Oaktree
Originally published on Friday, Sept. 21 at 8:37 a.m. EDT.
"Recent meetings with Oaktree management reiterate our belief that its distressed funds are operating in a strong realization environment, paving the way for Opps VIIb to pay carry in 2Q13. While current fundraising efforts are below the 07/08 peak and AuM growth near-term could lag some peers -- an area of investor concern -- Matt sees newer efforts such as real estate beginning to pick up steam and potential upside if distressed conditions become more prevalent."At the time of publication, Kass was long OAK and AIG common; short AIG puts.