Canadian asset management firm, Brookfield Asset Management, will acquire a majority stake in Oaktree Capital Management.  The two businesses will continue to operate independently. Oaktree’s co-chairman, Howard Marks, will join the board of directors at Brookfield.

(Private Debt Investor) Brookfield Asset Management will acquire a majority stake in fellow alternatives manager Oaktree Capital Management, the firms announced today.

Read more at Private Debt Investor.