“I think it was a success for the market. This is a positive sign that the market is behaving as it should,” the 73-year-old veteran investor told Reuters on Wednesday.“This is a low return world. Asset prices are high but not absurd. Too much money chasing too few deals,” he said.
Marks, known in investment circles for his memos to clients, which he has been writing since the 1990s, said Oaktree’s portfolio currently takes a “moving forward with caution” approach. He added that the asset manager was trying to be fully invested every day but with caution.
iwork... edbassmaster
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