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Distressed Debt Investing and Timing
This chapter explores the experience of the incoming co-CEO of Oaktree Capital Management in distressed debt investing, discussing his time at Pequot Capital and working with Art Sandberg. It delves into the importance of timing in the success of Oaktree, especially during the housing market crash and stock market crash. The chapter also addresses the challenges and opportunities faced during a time of financial turmoil and the risks associated with floating rate debt.