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Brookfield is buying Oaktree and it could create ‘a more formidable competitor’ to Blackstone in the asset management industry

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Screengrab via Bloomberg One of the world’s biggest investment firms, Brookfield Asset Management, announced a record deal to buy a majority stake in, and eventually take over, Howard Marks’ Oaktree Capital Group.  The mega-deal means the combined firms’ capital will just slightly exceed Blackstone’s assets.  "It would be a much more formidable competitor" to Blackstone, […]

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