Since the formation of Oaktree in 1995, Howard Marks has been responsible for ensuring the firm’s adherence to its core investment philosophy, communicating closely with clients concerning products and strategies and contributing his experience to big-picture decisions related to investments and corporate direction. From 1985 until 1995, Marks led the groups at The TCW Group, Inc. responsible for investments in distressed debt, high yield bonds, and convertible securities. He also was chief investment officer for domestic fixed income at TCW.
Previously, Marks was with Citicorp Investment Management for 16 years, where from 1978 to 1985, he was vice president and senior portfolio manager in charge of convertible and high yield securities. Between 1969 and 1978, he was an equity research analyst and, subsequently, Citicorp's director of research. Marks holds a B.S.Ec. degree cum laude from the Wharton School of the University of Pennsylvania with a major in finance and an MBA in accounting and marketing from the University of Chicago Booth School of Business, where he received the George Hay Brown Prize. He is a CFA® charterholder. Marks is an emeritus trustee and member of the Investment Committee at the Metropolitan Museum of Art. He is a member of the Investment Committee of the Royal Drawing School and is professor of the practice at King’s Business School (both in London). He serves on the Shanghai International Financial Advisory Council and the Advisory Board of Duke Kunshan University. He also is an emeritus trustee of the University of Pennsylvania, where from 2000 to 2010 he chaired the Investment Board.
Robert Steers (B'75, P'06, P'08, P'10, P'22) currently serves as executive chairman of Cohen & Steers, Inc. From 1984 to 1986, Steers was a senior vice president and chief investment officer of National Securities and Research Corporation. In 1986, he co-founded Cohen & Steers, Inc., where he served as CEO until his retirement in March 2022. Steers is a member of the advisory committee for the International Monetary Fund’s Staff Retirement Plan. At Georgetown University, he chairs the McDonough School of Business Board of Advisors and is a member of the Endowment Investment Committee. He holds a B.S. in Business from Georgetown University and an MBA from The George Washington University.
