Privacy Policy

The policies and procedures enumerated below (“Privacy Policy”) set forth the guidelines concerning how Oaktree Capital Management, L.P. (referred to herein as “Oaktree”, “we” or “us”) gathers and uses information about you through your use of one or more pages of this website, Mastering The Market Cycle by Howard Marks (“Site”).  Please review the Privacy Policy carefully and in conjunction with the Terms and Conditions of the Site which detail other important information surrounding your use of the Site.  By visiting or submitting information through the Site, you are deemed to have consented to the practices described in this Privacy Policy without any further action by you or us.

Information Collection

In order for you to subscribe to receive news and information regarding Mastering The Market Cycle or to contact us to ask a question, you are required to provide personal information that will include your name, an e-mail address, and any other information you choose to provide to us in your communication to ask a question.

Additionally, Oaktree may collect certain information about you through the use of technology. For example, we may collect your IP address (which is associated with the portal through which you access the Internet) each time you request a page during a visit to the Site, which allows Oaktree to collect information regarding the frequency with which users browse various parts of the Site. The Site may also use cookies.  Cookies are pieces of information, or files, placed on your device’s disk that provide information including how and when pages on the Site are accessed by users. You may configure your browser to set preferences regarding cookies such that you can have your computer warn you each time a cookie is sent. Note that you may decline placement of cookies if your internet browser permits, though certain portions of the Site may be inaccessible to you if you choose to do so. You may at any time delete any cookies from your hard drive. Aggregated data gathered from cookies is used by Oaktree to help maintain and improve the information provided on this Site for users.

Oaktree may also employ other technical methods to track and analyze the traffic patterns on the Site, such as the frequency with which users visit various parts of the Site. These technical methods may involve the transmission of information either directly to us or to another party authorized by us to collect information on our behalf. We may also use these technical methods in HTML e-mails that we send Site users to determine whether such users have opened those e-mails and/or clicked on links in those e-mails. Oaktree may collect the information from use of these technical methods in a form that is personally identifiable.

During some Site visits, Oaktree may use software tools such as JavaScript to measure and collect session information, including page response times, download errors, length of visits to certain pages, page interaction information (such as scrolling, clicks, and mouseovers), and methods used to browse away from the page. Oaktree may use this information to measure Site activity, to develop ideas for improving the Site and for any other purpose to the extent permitted by applicable law.

Information Use

Oaktree does not sell your personal information. However, we may share your personal information with service providers, vendors, contractors, and agents (“Service Providers”) that enable such entities to perform services in relation to the Site and Mastering the Market Cycle. For example, processing your subscription requests for news and information regarding Mastering the Market Cycle and performing research with respect to the usage of the Site. Personnel employed by Service Providers generally may have access to your personal information for the purpose of performing duties for us but are prohibited from using such information for other purposes.

Oaktree also may disclose the personal information to the extent permitted by law. For example, to protect the security of records, to protect against fraud, to comply with applicable law, or to respond to judicial process or regulatory authorities.

Safeguarding of Information

Oaktree maintains established internal policies and procedures with respect to safeguarding access to your personal information in our possession from unauthorized use or disclosure. Please note that such safeguards, however, do not guarantee that personal information transmitted via the internet or stored in our systems or is otherwise under Oaktree’s care will be absolutely safe from unauthorized use or intrusion from third parties due to the inherent nature of the Internet.

Links to Third Party Websites

This Site may contain links to third party websites which, in some cases, may be integrated into, and appear to be part of, the Site. Oaktree encourages you to read the privacy policies of others websites you link to from this Site; however, Oaktree disclaims any and all responsibility for the privacy policies and procedures of any third party websites that you reach via a hyperlink contained on this Site.

Amendments to this Privacy Policy

Oaktree reserves the right in the firm’s sole discretion to modify or amend this Privacy Policy in any way at any time. Any such changes are effective upon posting. You should review this Privacy Policy periodically for changes applicable to you. Additionally, note that by accessing any page of this Site subsequent to any modification, you are deemed to have agreed to all terms of this Privacy Policy as modified or amended.

Contact Us

Please direct any questions regarding this Privacy Policy to

This Privacy Policy is dated June 12, 2018.


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