Billionaire Trio Unites With Brookfield's Purchase of Oaktree
- Howard Marks, Bruce Flatt, Bruce Karsh all worth 10 figures
- Marks sees future with more money concentrated in fewer groups
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Brookfield Asset Management is poised to create a $475 billion investing behemoth with its deal to buy a majority of Oaktree Capital, and some of Wall Street’s richest executives are joining forces as a result.
Oaktree co-founder Howard Marks will sit on Brookfield’s board alongside Chief Executive Officer Bruce Flatt. Both billionaires say they expect a seamless transition.