VIDEO: Oaktree’s Marks on why ‘defaults may come as a shock’

Complacency may have crept into the private debt market. An inevitable change in circumstances will put firms to the test, says Oaktree co-chairman Howard Marks in this video.

 

Market conditions have been benign for so long that some investors may be exposed when the tide turns, according to Oaktree Capital co-chairman (and writer/commentator) Howard Marks. We caught up with Marks for this six-minute video, in which he shares his thoughts on room for growth in the asset class, the dangers of poor structuring and what happens when the credit market slams shut.