I’ve always had a huge amount of appreciation for Howard Marks memo and what was known to be their investment culture.
I’ve been seeing them in transactions more recently where I was fairly unimpressed by their people and some of the publicly available info on their fund returns seem rather unimpressive. Are they still some of the smartest guys in HY/distressed credit? Or are they living off of past reputation?
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too busy drinking apollo's blood
Just wait until a down turn and they will be the cool kids on the block again.....
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Caesars was ages ago
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Distressed ETF
Any updates on this, and in hindsight? lol
A family member was invested in their 2009 vintage principal capital fund and just got their final statement. It did 1.6% net IRR / 6% gross and 1.1 moic over 13 years despite being the absolute best time to put money to work in that strategy.... Pretty terrible.
wth man? Geez. So how did they explain their way out of that one
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