Victoria Asset Management (Oaktree)

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Based on the most helpful WSO content, an analyst working at a firm like Victoria Asset Management, which manages Oaktree's Opportunistic funds, would likely be involved in a variety of tasks. Here's a breakdown of what the role might entail, especially in the context of structured finance and opportunistic real estate:

1. Structured Finance: This typically involves the creation and analysis of complex financial instruments. An analyst might be tasked with:

   • Analyzing various debt instruments, such as mortgage-backed securities or collateralized loan obligations (CLOs).
   • Assessing the risk profiles of these securities.
   • Modeling cash flows and potential returns.

2. Opportunistic Real Estate: This refers to investments in real estate that have the potential for substantial returns, often due to some form of distress or unique situation. An analyst's work could include:

   • Underwriting real estate deals, which involves evaluating the financials and potential profitability of real estate investments.
   • Conducting market research to identify undervalued or distressed properties.
   • Assisting in the acquisition process, including due diligence and financial analysis.

3. Lending Money: In the context of structured finance, the firm might be involved in providing loans, which could be part of a larger structured financial product. An analyst might:

   • Evaluate the creditworthiness of potential borrowers.
   • Help structure the terms of the loans.
   • Monitor the performance of the loan portfolio.

4. Buying Assets Under Mortgage Stress: This could be part of an opportunistic strategy where the firm purchases assets that are undervalued due to financial distress. An analyst would:

   • Analyze distressed assets and their underlying mortgages.
   • Calculate the potential for return on investment after restructuring the asset's debt.
   • Work on the execution of the purchase and subsequent management or sale of the asset.

Remember, the exact responsibilities can vary based on the firm's current strategy and the state of the market. But generally, an analyst in this area would be expected to have strong financial modeling skills, a good understanding of real estate and structured products, and the ability to perform in-depth market analysis.

Hope this gives you a clearer picture of what an analyst at Victoria Asset Management might do! If you're looking to dive deeper into the world of asset management, don't forget to check out the WSO Company Database for more insights.

Sources: Life as a Top Asset Manager, Q&A: 3rd Year Private Bank Analyst, Asset Management as a long-term career?, —, CLO Asset Manager