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Howard Marks memo - 20150608 - Risk revisited again


kiwing100
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Thank you for sharing that, I always look forward to reading Marks' memos.

 

I found his strategy that uses 3-1 leverage to enhance yield on senior debt interesting. I understand it's just one of Oaktree's strategies but it's interesting to see Marks so candidly levering up to achieve higher yields. Must be nice to have secure, long-term financing to pursue strategies like that with.

 

 

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