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Showing 11 - 20 of 27 results for "Oaktree"

WAM makes alternatives play

ALLY SELBY  |  THURSDAY, 16 JUL 2020
... company Blue Sky. On May 20 last year, Blue Sky Alternative Investments announced it had been forced into receivership, with Oaktree Capital Partners appointing KordaMentha as receivers and managers of the company. It came after the investment company ...

Market recovery or dead cat bounce?

ALLY SELBY  |  TUESDAY, 31 MAR 2020
... identifying companies that are best placed to weather the storm, and that are available at attractive prices," Page said. "As Oaktree Capital's Howard Marks said recently 'buy when you can access value cheap'." Shaw and Partners senior investment ...

Manager vacancy at $50m fund

KANIKA SOOD  |  WEDNESDAY, 28 AUG 2019
... for a replacement after Blue Sky Alternative Investments was forced into receivership in May by its American financier Oaktree when it defaulted on the terms of a loan. The SA Government is inviting expressions of interest until September 17, from experienced ...

Blue Sky dissolves chief executive role

KANIKA SOOD  |  TUESDAY, 11 JUN 2019
... Sky breached a term on a loan. In September last year, Blue Sky borrowed $50 million in a convertible note facility from Oaktree Capital Management. As a part of the transaction, Oaktree set up terms or covenants which required Blue Sky to maintain a ...

Blue Sky enters receivership

KANIKA SOOD  |  MONDAY, 20 MAY 2019
... receivership this morning, as its financier exercised its rights after Blue Sky breached a term of its $50 million loan facility. Oaktree Capital Management has appointed restructuring specialist KordaMentha's Mark Korda and Jarrod Villani as the receivers ...

Blue Sky adds executive

ELIZABETH MCARTHUR  |  FRIDAY, 17 MAY 2019
... obligations. Also earlier this month, Byron Beath resigned as director of the company. Beath was managing director of Oaktree Capital and was appointed after a shareholder vote at Blue Sky's AGM permitted Oaktree to convert its loan into an interest ...

Brookfield acquires 62% of Oaktree Capital

KANIKA SOOD  |  FRIDAY, 15 MAR 2019
Brookfield Asset Management is set to acquire 62% of Oaktree Capital, creating a $672 billion alternative investment behemoth. The 120-year-old Canadian firm will pay roughly $6.8 billion for the stake in Oaktree Capital. Following the transaction ...

Blue Sky names new chair

JAMIE WILLIAMSON  |  TUESDAY, 20 NOV 2018
... management at Hastings will be invaluable as he leads Blue Sky into its next chapter." Meanwhile, a shareholder vote has seen Oaktree Capital Management permitted to convert its loan to an interest in Blue Sky, becoming a new strategic stakeholder. "Asset ...

Billionaire investor says markets in late cycle but anything possible

KANIKA SOOD  |  TUESDAY, 23 OCT 2018
Oaktree Capital Management cofounder Howard Marks says the current bull market is in a late stage but it could still go "up, sideways or down." Marks's firm has more than US$120 billion in assets under management. He addressed a media briefing in ...

Blue Sky offloads six funds

KARREN VERGARA  |  FRIDAY, 24 AUG 2018
... Review Board approval and settlement is expected to complete in September 2018. In June, Blue Sky told the market that Oaktree Capital Management could potentially invest in Blue Sky, adding it is considering other "proposals from a strategic platform ...