Mr. Nedelec joined Oaktree in 1995 after serving as co-portfolio manager of the International Convertible Value portfolios at Trust Company of the West. Prior to joining TCW in 1994, he was employed at the AXA Group. There he managed over $1 billion in fixed income portfolios, making extensive use of convertible bonds and other specialized investment techniques utilizing a wide variety of currencies. Prior to joining AXA, he had fixed income security sales experience at Dai-Ichi Kangyo Bank (London) and Manufacturers Hanover (London). Mr. Nedelec has an undergraduate business degree from EPSCI-ESSEC (France).