Oaktree appoints Harrington Cooper for UK push

Oaktree Capital Management has embarked on a push into the UK market by appointing Harrington Cooper to sell its funds.

Harrington Cooper, which provides outsourced fund distribution services, will concentrate on selling Oaktree’s Global High Yield Bond, Global Convertible Bond, European High Yield Bond and Emerging Markets Equity funds.

The four funds are Luxembourg-domiciled Sicavs and Harrington Cooper will be looking to sell them to “professional fund selectors” in the UK.

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Oaktree manages $93bn (£59.3bn) in assets worldwide and runs institutional money in the UK, but had not previously promoted its Ucits funds here.