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Billionaire Howard Marks: Distress Is A 'Coming Attraction'

by businessinsider.com posted 2years ago 12845 views
<p>The buildup of debt is a &quot;coming attraction&quot; for those who invest in distressed companies,&nbsp;according to Howard Marks, the billionaire cofounder of Oaktree Capital Group, whose&nbsp;career was largely built on buying bonds of companies that have run into trouble. Oaktree&nbsp;now manages $97 billion.</p>