OCSL - Oaktree Capital Clients Or Unitholders: Which Is Better?
At the beginning of February, Oaktree Capital Group (NYSE:OAK) released its FY/2018 results.
The asset management company saw its AUM decline, which caused the erosion of its performance figures in 2018.
OAK’s total AUM has been decreasing by 3.5% on a yearly basis, driven by net outflows from its open-end funds, at a record level of roughly $4B in 2018.
Source: Oaktree 10-K forms
The decline would have been more pronounced without the (positive) contribution of the DoubleLine stake’s AUM. Let’s not forget that, until the end of 2017, OAK had not