The following corporate finance-related stories were reported by media:* Oaktree Capital Group LLC, the world's largest distressed debt investor, is among a group of companies buying shares of China Cinda Asset Management Corp as part of the Chinese company's up to $2.5 billion initial public offering, sources said on Friday.
Oaktree Capital Group, LLC (Oaktree) is a global investment management firm focused on alternative markets. Shares of OAK traded higher by 0.78% or $0.41/share to $53.10. In the past year, the shares have traded as low as $40.28 and as high as $59.50. On average, 174932 shares of OAK exchange hands on a given day and today's volume is recorded at 163582.
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