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Oaktree Capital Group LLC


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Oaktree Capital Group LLC

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  #1 (permalink)
JoKala
New York United States
 
 
Posts: 1 since Mar 2015
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Oaktree Capital Group LLC forgot that Partouche, a French company, implemented a safeguard proceeding during 2013-2014. Consequences: Oaktree lost more than 30 million euros! I found this information in one of the most popular economic French newspaper Les Echos. How a group like Oaktree can make a mistake like this?

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Jaymes Porter
Salt Lake City, Utah
 
 
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JoKala View Post
Oaktree Capital Group LLC forgot that Partouche, a French company, implemented a safeguard proceeding during 2013-2014. Consequences: Oaktree lost more than 30 million euros! I found this information in one of the most popular economic French newspaper Les Echos. How a group like Oaktree can make a mistake like this?

Right. They lost a total of 35 million euros. I read something similar. And you ask a good question: How can a group like Oaktree make a mistake like this? Well, it's because they aren't taking it seriously and need to be held accountable. If this kind of absentmindedness is possible with 35 million euros, what stops this from occurring at 100 million, or more?

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