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Oaktree Looks to China, Private Credit Amid Distressed Drought

Sep.17 -- Oaktree Capital Group Co-Founder and Co-Chairman Howard Marks is seeking more distressed debt opportunities in China amid few places to put cash to work in the U.S. The hedge fund, one of the biggest buyers of debt in companies that are struggling or already in bankruptcy, has been scooping up non-performing loans in China as dozens of companies struggle to repay debt. Marks spoke with Bloomberg's Lisa Abramowicz on "Bloomberg's Money Undercover".

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