The following segment was excerpted from this fund letter published by Value Walk.
Oaktree Capital Group (OAK) is a world-class investment firm, founded in 1995, with deep expertise in credit. OAK's core values, which inform every investment decision, are grounded in anti-fragility. Ironically, this is also the reason for the stock's underperformance in recent years.
Since OAK invests the majority of its capital during periods of distress and focuses on the most senior securities in the capital structure, the long and uninterrupted bull market has resulted in few low-risk opportunities to put money to