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Memos from Howard Marks: A Layman Thinks About AI
Credit Conversations
Build a stronger foundation in credit
Credit Conversations
In this three-part series, Brookfield and Oaktree’s credit investors examine the fundamentals of credit investing and the principles that underpin long-term credit allocations, building a more diversified portfolio.
This program is complementary and offers continuing-education (CE) credits.
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Credit Conversations
Module 1: This module examines the evolution of credit investing through a discussion between Howard Marks, Co-Founder of Oaktree and Chair of Brookfield's Investment Solutions Group, and Danielle Poli, Oaktree Managing Director and Co-Portfolio Manager. Participants will gain perspective on how credit markets have expanded beyond traditional bonds, the distinctions between credit and equity investing, and the key principles for evaluating risk and return across the credit spectrum.
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Module 2: In this session, Robert O'Leary and Armen Panossian, Co-CEOs of Brookfield’s Credit business will walk through the continuum from investment grade public credit to leveraged loans and high yield, to direct lending and private loans, to structured and asset-backed forms. They will also explore the opportunistic credit universe, which has expanded in recent years, and explain how risk/return and liquidity profiles change as you move across the spectrum of performing and dislocated credit markets.
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Module 3: In the final discussion, Brendan Beer, Oaktree Managing Director and Co-Portfolio Manager and John Roglieri, Brookfield Managing Direct, Investment Solutions Group will examine the evolution of structured finance and the growing opportunity set within asset-backed finance (ABF). Joe McConnell, Castlelake Deputy Co-Chief Investment Officer , will join the conversation to share practical insights from Castlelake’s experience in aviation finance, using a detailed case study to illustrate key underwriting, structuring and portfolio management considerations.
COMING SOON
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Good experience leads to risk taking. Eventually risk taking leads to too much risk taking.
Howard Marks
Co-Chairman & Co-Founder of Oaktree
All investing involves risk. The value of an investment will fluctuate over time, and an investor may gain or lose money, or the entire investment. Past performance is no guarantee of future results.
Risks to consider: Credit investments involve risk, including the possible loss of principal. Fixed income and credit investments are subject to issuer credit risk, interest rate risk, liquidity risk and market risk. Asset-backed and structured credit investments may be subject to additional risks. This educational program is provided for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any security.
The information provided is for educational purposes and is intended to support discussion of investment concepts and approaches. It is not intended as investment advice or a recommendation regarding any investment strategy.
The information contained herein is for educational and informational purposes only and does not constitute, and should not be construed as, an offer to sell, or a solicitation of an offer to buy, any securities or related financial instruments. This material discusses broad market, industry or sector trends, or other general economic or market conditions, and it is being provided on a confidential basis.
