Submitted by MarketFolly on Wed, 2017-04-19 11:58
- Oaktree Capital's Chairman Howard Marks has just penned a new memo entitled, "Lines in the Sand." In it, he addresses the use of subscription lines in private equity, real estate, distressed debt and other fields.
- His piece asks investors to consider the implications of closed-end funds' increasing use of subscription lines.
- Embedded below is Howard Marks' new memo: Lines in the Sand.