Julio Herrera Joins Oaktree to Manage New Emerging Market Opportunities Strategy

LOS ANGELES - Thursday, July 26th 2012 [ME NewsWire]

(BUSINESS WIRE)-- Oaktree Capital Group, LLC (NYSE: OAK), a leading global investment management firm focused on alternative markets, today announced that Julio Herrera has joined the firm to manage a new Emerging Market Opportunities investment strategy focused on distressed and dislocated corporate and sovereign debt.

Prior to joining Oaktree, Mr. Herrera was President of Fintech Advisory, Inc. (Fintech), which manages a multi-billion dollar emerging market portfolio. Mr. Herrera has more than 20 years of experience investing in undervalued and distressed assets in emerging markets.

“We’re delighted to have Julio join our team,” said Howard Marks, Chairman of Oaktree. “He has extensive experience investing in distressed assets in the emerging markets and shares Oaktree’s bottom-up, value-oriented investment approach. We’re particularly pleased to have Julio lead the charge for Oaktree in this very rapidly growing asset class, which is already approaching $1 trillion in size.”

John Frank, Oaktree’s Managing Principal, commented that “Julio’s experience and fundamental investment approach mesh perfectly with our preexisting expertise in distressed debt and emerging markets. With Julio’s arrival, we’re well positioned to help our clients access a great range of distressed opportunities in the emerging markets.”

Mr. Herrera added, “I’m excited and honored to build and lead a team that will work to continue Oaktree’s mission of delivering consistent, superior risk-adjusted performance to its clients. Our new Emerging Market Opportunities strategy is a natural extension of Oaktree’s business and will be based on the same fundamental credit analysis, valuation discipline and bias towards risk control.”

Prior to joining Fintech in 1997, Mr. Herrera headed emerging market corporate fixed income research for Lehman Brothers, Inc. where he was responsible for restructuring Latin American distressed assets. Prior to Lehman Brothers, he was a vice president at ING Capital Holdings Inc. as a proprietary trading analyst, and he began his investment career as a credit analyst and portfolio manager at RRH Capital Management. Mr. Herrera attended Stanford University on a California Graduate Fellowship and holds a Bachelor of Arts degree from the University of California, Los Angeles.

About Oaktree

Oaktree is a leading global investment management firm focused on alternative markets, with an estimated $78.7 billion in assets under management as of June 30, 2012. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in distressed debt, corporate debt (including high yield debt and senior loans), control investing, convertible securities, real estate and listed equities. Headquartered in Los Angeles, the firm has over 650 employees and offices in 13 cities worldwide. For additional information, please visit Oaktree’s website at http://www.oaktreecapital.com/.

Contacts

Oaktree Capital Group, LLC

Investor Relations

Andrea D. Williams, +1-213-830-6483

investorrelations@oaktreecapital.com