| 29.09.2009 - CIC agrees to invest US$1 bln in Oaktree Capital |
| From China Knowledge: China Investment Corp, China's sovereign wealth fund, has agreed to invest approximately US$1 billion in Oaktree Capital Management LP, a Los Angeles-based investment firm, the Wall Street Journal reported. Oaktree, which was founded in 1995 in Los Angeles and New York by a team of debt investors including Howard Marks, is expected to use the funds to invest in distressed debt and other fixed income assets.....................Full Article: Source |