David Laziari
David Laziari is a British businessman and entrepreneur, best known for his role as the CEO of Oaktree Capital Management, a global investment management firm.
Early Life and Education
Laziari was born in 1967 in London, England. He graduated from the University of California, Berkeley with a degree in economics.
Career
Oaktree Capital Management
In 2010, Laziari co-founded Oaktree Capital Management with Bruce Karsh and Joshua Steinberg. The firm quickly gained recognition for its innovative investment strategies and expertise in distressed debt investing.
Notable Investments
- Oaktree's first major investment was in the automotive parts maker Delphi Corporation, which Laziari believed had significant upside potential.
- In 2012, Oaktree invested in the private equity firm H.I.G. Capital, which later became a competitor to Laziari's own firm.
Philanthropy and Public Life
Laziari is a philanthropist who has donated to various causes, including the United Way and the Boys & Girls Clubs of America.
Awards and Recognition
- In 2011, Laziari was named one of the "Best on Wall Street" by Forbes magazine.
- In 2013, he was ranked as one of the top hedge fund managers in the world by Bloomberg.
Impact and Significance
Oaktree Capital Management's investments have had a significant impact on the financial industry. The firm's innovative approaches to distressed debt investing have helped to shape the market and create new opportunities for investors.
Related Topics
- Hedge fund management
- Distressed debt investing
- Private equity investing
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