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Harrington Cooper appointed UK distributor of Oaktree fund range

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Harrington Cooper has been appointed by Oaktree Capital Management (Oaktree) to distribute its UCITS SICAV fund range to professional fund selectors in the UK. 

Oaktree is a leading global investment management firm with USD93 billion in assets under management (AUM), over 900 employees and offices in 17 cities worldwide. The firm was formed in 1995 by a group of individuals, including Howard Marks and Bruce Karsh, who had been investing together since the mid-1980s in high yield bonds, convertible securities, distressed debt, real estate and control investments. 
 
Harrington Cooper will focus on the firm’s open-ended UCITS fund range, with particular focus on Global High Yield Bond, Global Convertible Bond, European High Yield Bond and Emerging Markets Equity Funds.
 
Oaktree provides investment management within a limited number of specialised markets where they believe the potential for reward outweighs the risk entailed. All of its investment activities operate according to the unifying philosophy of the primacy of risk control, emphasis on consistency, the importance of market inefficiency, the benefits of specialisation, bottom-up analysis not macro-forecasting and disavowal of market timing. 
 
As co-founder and co-chairman, Howard Marks plays an active role in ensuring the company’s adherence to its core principles, and contributing big-picture views to inform the team’s investment decisions. As co-founder, co-chairman and CIO, Bruce Karsh is responsible for the investment performance of the firm.
 
Harry Dickinson, managing partner, Harrington Cooper, comments: “Oaktree has a wealth of knowledge and expertise in investing in alternative credit strategies and, also, in emerging markets equities, and an enviable track record in generating superior returns in all market conditions. Howard Marks and Bruce Karsh are both highly respected members of the investment community and have built an exceptionally strong team and reputation which has enabled the company to attract strong inflows, even when in the midst of the financial crisis.
 
“The group’s focus on developing strategies which generate alpha while maintaining low levels of risk complements Harrington Cooper’s ethos, which identifies differentiated managers with a consistent and credible investment philosophy and process. We expect these funds will be very well received by UK professional investors who are seeking out specific investment strategies which add genuine value. We look forward to assisting Oaktree in expanding its UK client base.”
 

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