Oaktree Capital Management

Howard Marks says AI rout punctured aura of infallibility

Howard Marks, co-chair of Oaktree Capital Management, said recent setbacks in artificial intelligence stocks have "somewhat burst the bubble of infallibility" around the sector. He called the change healthy for investors who had treated AI as a sure bet. "I…

Brookfield completes full acquisition of Oaktree

Brookfield Asset Management completed its acquisition of Oaktree Capital Management on August 3, fully combining the two firms in a deal that expands Brookfield's global credit platform to $365 billion and makes the United States its largest market.