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SPOTLIGHT: REAL ESTATE
SAID AND DONE
“Although I’ve made reference to them in some past memos, games have played a bigger part in my life than you probably know. Because of the many connections between investing and gambling, many of the investors I respect play blackjack, poker or backgammon”
Oaktree Capital co-chairman Howard Marks in his latest memo on the role of gaming in his life
THE BIG NUMBER
Percentage of respondents to an Intertrust survey who predict that demand for fund finance will continue to rise over the next five years. 35% of respondents said that the biggest challenge to fund finance was the negative perception it has among certain investors.