Sheldon Stone

Sheldon Stone is a Principal and Co-Portfolio Manager at Oaktree Capital Management, where he plays a significant role in managing the firm's high-yield bond strategies. He is a co-founding member of Oaktree, established in 1995, and previously helped establish TCW's High Yield Bond department in 1985 alongside Howard Marks. His extensive experience includes positions at Citibank, where he managed high-yield bond portfolios, and The Prudential Insurance Company, where he directed corporate finance and managed a substantial fixed-income portfolio.123

Education and Affiliations

Stone holds a Bachelor of Arts degree from Bowdoin College and an MBA in accounting and finance from Columbia University, where he is also a member of the Board of Overseers. Additionally, he serves as a Trustee of the Colonial Williamsburg Foundation and is involved with the investment committee at Bowdoin College.123

Professional Background

• Oaktree Capital Management: Principal and Co-Portfolio Manager, focusing on U.S. and Global High-Yield Bond strategies.
• TCW: Established and led the High Yield Bond department for a decade.
• Citibank: Worked as a credit analyst and portfolio manager for high-yield bonds.
• The Prudential Insurance Company: Managed a corporate finance portfolio exceeding $1 billion.234

Sheldon Stone's career reflects a strong foundation in finance, particularly in high-yield investments, and his leadership at Oaktree Capital has been instrumental in shaping its investment strategies.