10May/100
When Howard Marks talks, the Street listens
Since founding Oaktree Capital in L.A. in 1995, Howard Marks, 64, has built his institutional investment firm into a $76 billion powerhouse in high-yield bonds, distressed debt, and private equity. During the 2008 financial crisis he raised an unprecedented $10.9 billion fund to buy distressed assets -- a bet that has paid off richly for his investors. Admired for the folksy charm and astute commentary of his letters to investors, Marks shared his wisdom with Fortune's Mina Kimes.
