Daily News: December 23, 2014

Oaktree’s Marks Says Oil Decline May Ignite Debt Crisis

According to Bloomberg , Howard Marks believes the plunge in oil prices may usher in a new era for investing in distressed debt.

Bloomberg said the billionaire investor and Oaktree Capital Group co-founder urged his deal makers to be cautious, warning of loose credit standards and high prices for distressed assets, which may change as the price of oil plummets, Marks said in a letter to clients yesterday.

To read the entire Bloomberg article, click here.