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Actionable news in OAK: OAKTREE CAPITAL GROUP LLC,

WSJ: Oaktree May Buy Fifth Street Asset Management

The Wall Street Journal is out with a report Thursday afternoon that Oaktree Capital (OAK), managed by the esteemed debt investor Howard Marks, is preparing to buy Fifth Street Asset Management (FSAM). That firm operates two poorly performing business development companies and is chaired by the far less esteemed Leonard Tannenbaum.

FSAM shares jumped on...


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