Global investment firm Oaktree Capital Management came under fire during a public pension meeting Friday from an activist group demanding the firm’s real estate unit halt evictions from residential properties it owns during the coronavirus pandemic. Ms. O’Grady noted that the public pension system is an investor in Oaktree funds, including those focused on real estate. Ms. O’Grady said the Stakeholder Project raised the eviction issue several times with Oaktree in December. Pension system Chairman Jarvis Hollingsworth thanked Ms. O’Grady for raising the issue and said the system’s investment staff would follow up with Oaktree on the matter. As of Sept. 30, the pension system held about $1.82 billion across Oaktree’s private-equity funds and $450 million in its real-estate funds, according to a spokesman for the pension system.

Source: Mint February 27, 2021 07:43 UTC