Howard Marks' Latest Memo: Lines in the Sand | Value Investing News

Howard Marks' Latest Memo: Lines in the Sand

  • 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.
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