Stu Spangler to become head of Oaktree's U.S. convertibles strategy

By Angela McDaniels

Tacoma, Wash., Jan. 15 – Oaktree Capital Group, LLC said managing director Stu Spangler will become the head of its U.S. convertibles strategy when Larry Keele retires from the position effective June 30.

Keele will remain a member of Oaktree’s board of directors, according to a company news release.

Effective immediately, Spangler will act as co-portfolio manager. He has been a member of Oaktree’s convertibles team since 1997 and backup portfolio manager since 2011.

Spangler previously worked as a convertible securities portfolio manager for Aon Corp. He holds a Bachelor of Science degree in business management from the U.S. Air Force Academy and is a Chartered Financial Analyst charterholder.

Oaktree is a Los Angeles-based investment manager specializing in alternative investments.

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