A rash of odd investor behaviour across global markets may signal prices are topping out, according to the CEO of the world’s biggest distressed debt investor.
Despite a partnership with China Cinda, the distressed debt investor is finding it hard to put money to work in Chinese NPLs, reveals Oaktree Capital co-founder Howard Marks.
The private equity firm aims to acquire up to 48.4% in Re-plus Residential Reit through an investment package that will also provide the Reit with fresh capital.
Howard Marks and William Kerins from Oaktree Capital discuss the firm's global investment strategy and explain why subprime contagion could still spread.