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Evergrande crisis heralds more distressed debt: Howard Marks

Oaktree founder sees Chinese economy changing from constant boom to cyclical 'reality'

Howard Marks, founder of Oaktree Capital Management. (Photo courtesy of the Milken Institute)

NEW YORK -- As cracks start to show in China's capital-intensive growth model, Oaktree Capital Management founder Howard Marks anticipates more opportunities for the firm's mainstay business of investing in heavily discounted distressed debt.

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