Howard Marks, CFA, ’69

Co-Chairman
Oaktree Capital Management, LLC

Howard Marks

Since the formation of Oaktree in 1995, Marks has been responsible for ensuring the firm’s adherence to its core investment philosophy; communicating closely with clients concerning products and strategies; and contributing his experience to big-picture decisions relating to investments and corporate direction. From 1985 until 1995, Marks led the groups at the TCW Group, Inc. that were responsible for investments in distressed debt, high yield bonds, and convertible securities. He was also chief investment officer for domestic fixed income at TCW. Previously, he was with Citicorp Investment Management for 16 years, where from 1978 to 1985, he was vice president and senior portfolio manager in charge of convertible and high yield securities.

Between 1969 and 1978, he was an equity research analyst and, subsequently, Citicorp's director of research. Marks has a BSEc degree cum laude from the Wharton School of the University of Pennsylvania with a major in finance and an MBA in accounting and marketing from the Booth School of Business at the University of Chicago, where he received the George Hay Brown Prize. He is a CFA® charterholder. Marks is a member of the investment committee of the Edmond J. Safra Foundation; a trustee and chairman of the investment committee at the Metropolitan Museum of Art; chairman of the investment committee and board of trustees of the Royal Drawing School; and an emeritus trustee of the University of Pennsylvania (where from 2000 to 2010 he chaired the investment board).