Oaktree Capital Howard Mark’s Memo On U. Penn’s Endowment
Howard Mark, chairman of Oaktree Capital (OAK), is a well known investor. He chaired University of Pennsylvania Endowment from 2000 to 2010. Penn’s endowment underperformed other elite school endowments up to 2007 and it had the least loss in 2008-2009 year among all Ivy schools: Penn just lost the 16% from June ’08 to June ’09, while Harvard, with [...]
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