Meet Howard Marks, the co-founder and lead of Oaktree Capital Management, a Los Angeles-based investment firm that manages roughly $78 billion in investment capital. Marks has an impressive background in distressed debt, high yield bonds, and convertible securities investments, having worked for ten years at the TCW Group prior to Oaktree. Oaktree's portfolio strategy focuses on alternative investments, particularly companies that are less known by major investors and other funds, making them generally considered contrarian investments. The firm invests heavily in debt, preferred stocks, and convertible bonds, and is involved in less efficient markets.