Howard Marks obituary and howard marks cancer

Howard Marks, one of the co-founders and co-chairmen of Oaktree Capital Management, has announced that he has been diagnosed with throat cancer and is set to undergo treatment. Despite this setback, Marks remains optimistic about his chances of a full recovery. In this article, we will take a closer look at Marks' career, his diagnosis, and what it means for the future of Oaktree Capital Management.

I. Who is Howard Marks?

Howard Marks was born in 1946 in Queens, New York. Although he was raised in a Jewish family, his parents and grandparents practiced Christian Science. He attended the Wharton School at the University of Pennsylvania, where he was a member of the Pi Kappa Alpha fraternity. In 1967, he received his Cum laude degree with a primary concentration in finance and a secondary concentration in Japanese Studies. In 1969, he received a Master of Business Administration degree from the same institution, with a focus on Accounting and Marketing.

II. The Co-founder and Co-chairman of Oaktree Capital Management

Oaktree Capital Management is a global investment management firm that specializes in alternative investment strategies, including distressed debt, corporate debt, and real estate. Howard Marks is one of the co-founders and co-chairmen of the company, which he started with a group of colleagues in 1995. The firm currently has over $140 billion in assets under management and is one of the largest investors in distressed securities in the world.

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III. The Diagnosis

In a note to investors dated May 3, 2023, Howard Marks announced that he had been diagnosed with a relatively common form of throat cancer. Despite this news, Marks remains optimistic about his chances of a full recovery, stating that the treatment is "pretty routine" and that the probability of a cure in his case is estimated to be between 95 and 99 percent.

IV. What Does This Mean for Oaktree Capital Management?

While the news of Howard Marks' diagnosis is undoubtedly concerning for his colleagues and investors, there is no reason to believe that it will have a significant impact on Oaktree Capital Management's operations. Marks is only one of several co-founders and co-chairmen of the company, and there are many talented professionals working there who will be able to continue the firm's work in his absence.

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V. Conclusion

Howard Marks' diagnosis with throat cancer is undoubtedly a setback for him and his loved ones, as well as for his colleagues and investors at Oaktree Capital Management. However, Marks remains optimistic about his chances of a full recovery, and there is no reason to believe that his diagnosis will have a significant impact on the firm's operations. We wish Howard Marks all the best in his treatment and recovery.

VI. FAQs

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