Oaktree Capital Management, L.P.’s Post

#PrivateCredit There is no bubble in the asset class, but defaults are expected in segments with weak covenants, and due to the math problem of capital structures. Also, opportunities are rising among dislocations. Look for track-record and diversification in managers, strategies, and vintages. Much detailed in the video... https://lnkd.in/etYkhNR3

This week, our Founder and CEO Donald R Mullen Jr spoke at the 2024 Milken Institute Global Conference.   In a conversation with fellow industry leaders, Don discussed opportunities in private credit, how we seek to add alpha for investors, our leadership across major residential real estate asset classes, and his expectations for private market allocations in the coming years.   Watch the full panel discussion: https://lnkd.in/e_xe-2k3 #MIGlobal #MilkenInstitute #AssetManagement

CNBC 𝐒𝐓𝐑𝐄𝐄𝐓 𝐒𝐈𝐆𝐍𝐒 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞: 𝐀 𝐂𝐨𝐧𝐯𝐞𝐫𝐬𝐚𝐭𝐢𝐨𝐧 𝐰𝐢𝐭𝐡 Sanjay Guglani, 𝐂𝐈𝐎 𝐨𝐟 𝐒𝐢𝐥𝐯𝐞𝐫𝐝𝐚𝐥𝐞 𝐅𝐮𝐧𝐝𝐬 “𝐍𝐚𝐯𝐢𝐠𝐚𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐌𝐢𝐬𝐜𝐨𝐧𝐜𝐞𝐩𝐭𝐢𝐨𝐧𝐬: 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐟𝐨𝐫 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬” We’re delighted to announce that Sanjay Guglani, Chief Investment Officer at Silverdale Funds, was featured live on CNBC’s STREET SIGNS this past Wednesday, April 3, 2024. In a compelling segment, Sanjay shed light on the misconceptions surrounding the Fed Dot Plot, emphasizing its role as a signaling mechanism rather than a concrete forecast of interest rates. He also addressed the frequent misalignment between market predictions and the Federal Reserve’s policy direction. His advice to investors? Look beyond isolated data points and seize the opportunity presented by the current high yields. For those who can, following Silverdale Funds’ approach to 𝐥𝐞𝐯𝐞𝐫𝐚𝐠𝐞 𝐭𝐡𝐞𝐬𝐞 𝐲𝐢𝐞𝐥𝐝𝐬 could prove even more advantageous. Link to the conversation in the comment section below. A special thank you to #CNBC for spotlighting Silverdale Funds and our investment philosophy! Sanjay Guglani Aseem Arora Mohini Singh Urvi Guglani #fixedincome #familyoffices #cnbc #marketinsights #streetsigns #investments #interestrates  #Fedpolicy #markets #SilverdaleFunds

Recency bias tempts investors with fleeting gains and overshadows the broader market view. At St. James's Place – Asia & Middle East, we defy this lure as we prioritise disciplined, long-term asset allocation and fundamental analysis. #BehaviouralFinance #Insights

⚗️Howard Marks Distilled by David Rubinstein 🥃 If you haven’t read all of Oaktree Capital Management, L.P.'s Howard Marks' memos in recent years or if you are not all that familiar with the famous distressed debt and credit investor, this 25 minute video that got released yesterday will possibly be the best introduction to Howard Marks. Brought to life by no other than fellow investment legend David Rubenstein of private equity powerhouse The Carlyle Group. I was going to list a few quotes from the interview here. But probably best if you get the full dose of Marks' investment wisdom yourself from this compact recording. You will learn about the profound sea change 🌊 that is happening in markets after 40 years of falling interest rates. How you can get equity type returns on credit instruments and what this means for asset allocations going forward. He talks about the psychological factors of investing and two of the most common mistakes investors make. The situation when nobody wants to talk to him at dinner parties. And he answers the question what it would take for a young person to become the next Howard Marks and why investing is so endlessly fascinating. Highly recommended. https://lnkd.in/eFTbpgut (+++Opinions are my own. No investment advice. Do your own research.+++) #markets #investing #assetallocation #money #multiasset #credit #distresseddebt #institutionalinvestors #wealthmanagement #familyoffices Thanks for reading. Enjoyed this post? 👍 Like 💬 Comment 🔔 Subscribe to my profile to be an active part of my LI community. My investment research focuses on the topics of manager selection, special situations investing and asset allocation.

Anjula Andersson shares her insights in Portfolio Adviser's June cover story on the outlook for boutique asset managers, explaining how boutiques can succeed and capture opportunities in the current market climate. Read the full article here: https://lnkd.in/dMJexsw9 Capital at risk.

Advisors in my network, join me and my colleagues on Tuesday, November 7th, in person at the Fairmont Waterfront for Picton Mahoney’s Alternative Exchange, hosted by Amber Kanwar, host of BNN Bloomberg’s Morning Markets. You’ll hear the latest insights from Picton Mahoney’s thought leaders as they discuss how to unlock resilience and return potential in portfolios in today’s market environment. • David Picton will share our macroeconomic outlook and examine key indicators, point to historical precedents, and explain why we believe a strong U.S. dollar and unsustainable U.S. growth could lead to global economic pain. • Robert Wilson will discuss the ‘barbell’ approach to portfolio construction - seven key concepts for unlocking your portfolio's resilience and return potential to help clients navigate a challenging market backdrop. • Michael White will highlight risk allocation and other key features of our Absolute Alpha strategy as a pure diversifier, as well as the need to “hardwire” better inflation protection into client portfolios. • Amber Kanwar will interview David Picton, Phil Mesman, Tom Savage and Robert Wilson to uncover where they’re finding opportunities in equity, fixed income and merger arbitrage strategies, and the implications on portfolio construction. For the full agenda and to register visit: http://ow.ly/ocXH104XrXs (This event is for advisors only. Attendance is subject to dealer head office approval). #alternatives #alternativeinvestments #investing #markets

 Price Value Partners: A Hat-Trick of Excellence! I'm absolutely thrilled to announce that Price Value Partners, under the brilliant leadership of Tim Price and Killian Connolly, and backed up by their highly skilled team of Andrew Westwood Alasdair Kilpatrick and Yonis Abdulle have achieved an unprecedented feat - topping the Citywire rankings for the third consecutive month! This remarkable hat-trick is not just a stroke of luck, but a testament to their unwavering commitment to value investing principles and their exceptional market acumen. Out of 198 funds this month, they've once again claimed the #1 spot with an impressive 5.3% return. What sets Price Value Partners apart is their consistent ability to deliver results in a challenging market environment. Their strategic focus on gold and gold miners, combined with a keen eye for undervalued assets, continues to yield outstanding results. This 'three-peat' performance is truly extraordinary. It underscores not only the team's expertise but also the enduring power of value investing when executed with precision and insight. To Tim, Killian, and the entire Price Value Partners team: Your continued success is an inspiration to the investment community. You've not just maintained your position; you've fortified it. This hat-trick is a clear signal of your fund's resilience and your team's unparalleled skill. Congratulations on this historic achievement! You're setting new benchmarks in the industry and proving that consistent, thoughtful value investing can lead to remarkable outcomes. #ValueInvesting #InvestmentExcellence #GoldStrategy #MarketLeaders #PriceValuePartners #CitywireTopRank #HatTrickPerformance

Forgive the 5 AM o’clock shadow! Enroute to Nashville to speak at Silver Oak Securities, Inc. my new keynote, inspired by a conversation with Billy Hopkins is a barn burner. I’ll be talking about the 10 simple, but serious shifts advisors have to make to shift from being advisors to advocates. Selling investments and delivering services isn’t enough. Let’s shift to staging experiences and guiding transformations. Welcome to the #transformation economy people! Here we shift again! #finserv #wealtanagement #advisors #advisers #growth #seriousshift

Join us for our recap on the market conditions and trading decisions that impacted Cumberland Advisors’ primary equity and fixed income investment strategies throughout Q4 and our final thoughts for 2023. Watch the "Q4 2023 Review" here: https://lnkd.in/gthK3PN9