Strong Investment Performance Lifts Oaktree Capital
Oaktree Capital Group (NYSE: OAK) benefits when financial markets perform well, and the long bull market has helped to lift the investment manager's returns for years now. That has helped the company bring in more assets recently. Investors have also benefited from the perception of Oaktree as a more customer-friendly option for clients than some of its industry peers.
Coming into Thursday's third-quarter financial report, Oaktree investors wanted to see the company continue to take advantage of favorable conditions in the industry. Although most of Oaktree's key financial metrics declined from year-ago levels, the asset manager remains optimistic about its current condition, and believes that its business operations are going extremely well. Let's take a closer look at how Oaktree Capital did, and whether it's likely to keep up the pace going forward.
Image source: Oaktree Capital Group.
Source: Fool.com
