1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Holly LaFon
Holly LaFon
Articles (7312) 

David Einhorn Buys 1,679,750 Shares of Howard Marks’ Oaktree Capital after IPO

May 01, 2012 | About:
David Einhorn, founder and president of hedge fund Greenlight Capital, bought 1,679,750 shares of Oaktree Capital Group (NYSE:OAK) on April 20 when the price was about $39 per share, according to GuruFocus Real Time Picks.

Oaktree Capital Group is the private equity firm of Einhorn’s fellow noted money manager and market prognosticator, Howard Marks, which focuses on alternative markets and had $75 billion in assets under management at the end of 2011. It just held its IPO on April 11, pricing 8.8 million shares at $43 each and raising about $380 million. It originally planned to sell 11.3 million shares at $43 to $46 each. The offering was 6% of shares outstanding, which valued the company at $6.5 billion. Since Oaktree’s IPO, the stock price has declined 6.45%.

Oaktree describes itself as “experts in credit and contrarian, value-oriented investing.” The firm doubled its assets under management from Dec. 31, 2006 through June 30, 2011, and has achieved an aggregated gross internal rate of return of 20.2%.

GuruFocus Real Time Picks alerts you for the stock purchases and sales that Gurus have made within the last two days. Follow your favorite Gurus closely with GuruFocus' Premium Membership! If you are not a Premium Member, we invite you for a 7-Day Free Trial.

Rating: 2.9/5 (10 votes)


Please leave your comment:

GuruFocus has detected 7 Warning Signs with Oaktree Capital Group LLC $OAK.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

Performances of the stocks mentioned by Holly LaFon

User Generated Screeners

boursep - peter lynch4
toshi23Quality Growth
pbarker46Short % < 2,PE10 <30
nuno.a.pomboEstatiscal Low Priced Stocks
hugHigh Piotroski
hugHigh Piotroski & Low EV/REBITD
pbarker46Shiller USA
BoubaOCF Size 1
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)