The world’s largest investor in distressed debt says the anticipated avalanche in European bad loans has not materialized. John Frank says investment managers tried to take advantage of substantial flow of loans “A lot of folks, particularly a lot of American investment managers, raised a lot of money to take advantage of what was anticipated to be a very substantial flow of loans from those banks,” John Frank, managing principal of Oaktree Capital Group LLC (NYSE:OAK), was quoted as saying in a Bloomberg Briefs Hedge Fund report. In 2014 EU lenders are expected to sell 100 billion euros (nearly $131…
Oaktree: Anticipated Volume In Distressed Debt Market Disappointing
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.