Guess which fund firm is looking to go public? Oaktree Capital Management [see profile] is looking to take the plunge onto the New York Stock Exchange valuing the fund firm between $8 billion and $9 billion, Reuters reports, citing a report from the Financial Times.

Oaktree, which listed shares four years ago on an exchange set up by Goldman Sachs, has reportedly hired the banking giant to transfer those shares to the NYSE. As a result, no new money will be raised for the asset manager.

Morningstar also covered the anticipated switch. 

Edited by: Hung Tran


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE