The Winds of Change

In his latest memo, Howard Marks discusses the evolution of the sub-investment grade credit market from its beginnings in the 1970s to its present state. He focuses on the rise of direct lending following the Global Financial Crisis, identifying the reasons for its fast growth bu ...  Show more

In this special episode of The Insight: Conversations, Howard Marks shares his reflections on themes from Oaktree’s recent client conference, including the evolution of the credit markets, the nature of mispricings, and the importance of leadership. 

As we anticipate months more of lockdown and efforts at recovery, at further tragic loss of life and catastrophic economic dislocation, it is clear that we are living through an era-defining event. Such events typically shape the outlook of generations and lead to shifts in prior ...  Show more

Alf and Brent discuss similarities and differences between the world and the macro cycle today versus the pre-pandemic period. While the cycle might look similar, should we not pay attention to the structural differences too? The duo moves on to discuss the aggressive bond market ...  Show more

Jan Hatzius, head of Goldman Sachs Research and the firm's chief economist, and Dominic Wilson, senior advisor in the Global Markets Research Group, discuss the impact of rapidly shifting tariff policies on the global economy and markets. Learn more about your ad choices. Visit m ...  Show more

– The end of the beginning or the beginning of the end?

– The market seems to know…

– Another bank, another huge profit

– The value of a brand

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