Marks warns don’t position for prosperity: AVCJ Forum
Howard Marks, Founding Partner at Oaktree Capital and one of the world’s foremost distressed investors, shared his views on global markets in his keynote speech opening the second day of the AVCJ Forum in Hong Kong, advising caution and noting that: “we are not positioning our portfolios for prosperity.”
Observing that both markets and general sentiment have improved since the depths of the GFC, Marks said that, “knives are not falling and bargains are not rife.” However, he added that, “in our business...
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