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Some of the stock markets outside the United States include niches that are relatively inefficient, such that companies are poorly analyzed and securities mispriced, and here we believe our skill and hard work can lead to superior investment results.

Our Japan Opportunities strategy focuses primarily on small and mid-cap companies based in that country, while our Emerging Markets strategy casts a broader net, seeking opportunities in the Asia Pacific region, Latin America, Eastern Europe, the Middle East, Africa and Russia.

Both strategies combine a bottom-up, value-driven approach with top-down risk management.

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a subsidiary of Oaktree Capital Management, L.P.| Business Continuity Plan