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Oaktree Capital has billions in dry powder for 'unusual' buying opportunities

Feb 08, 2017 - SNL Financial

Oaktree Capital Group LLC has billions of dollars in "dry powder" the firm can use to take advantage of buying opportunities in the volatile market, executives said during a conference call to discuss fourth-quarter 2016 earnings.

CEO Jay Wintrob outlined a number of potential factors contributing to the market's uncertain outlook, including individual and corporate tax reform and a change to the deductibility of interest expenses. Oaktree Capital currently maintains about 60% of its asset...