Sheldon Stone ’78

Sheldon Stone

Co-founding Principal, Oaktree Capital Management LP, California

Mr. Stone is the head of Oaktree Capital Management’s high-yield bond area. In this capacity, he serves as co-portfolio manager of Oaktree’s US High-Yield Bond and Global High-Yield Bond strategies, and has supervisory responsibility for European High-Yield Bonds.

Mr. Stone, a co-founding member of Oaktree Capital Management in 1995, established TCW’s High-Yield Bond department with Howard Marks in 1985 and ran the department for ten years. Prior to joining TCW, Mr. Stone worked with Mr. Marks at Citibank for two years, where he performed credit analysis and managed high-yield bond portfolios. From 1978 to 1983, Mr. Stone worked at The Prudential Insurance Company, where he was a director of corporate finance, managing a fixed-income portfolio that exceeded $1 billion.

Mr. Stone holds a BA degree from Bowdoin College and an MBA in accounting and finance from Columbia Business School. Mr. Stone is a trustee of the Colonial Williamsburg Foundation and serves on the investment committee of Bowdoin College.