Armen Panossian
The Navigator
Judgement in the fog, money, risk and the call others cannot make.
Armen Panossian embodies The Navigator in the truest credit-markets sense, piloting through volatility by triangulating bottom-up fundamentals with macro awareness rather than surrendering to either extreme. His insistence on cycle-aware patience, catching falling knives only after rigorous analysis, marks a leader who reads shifting currents without being swept by them. As he steers Oaktree's performing credit franchise toward the co-CEO role, that disciplined, emotionally grounded conviction is his defining instrument.
“We are bottoms up credit pickers. We are not macro forecasters, but we are macro aware — understanding what's happening in the economy with technicals in the markets, those influence the performance of certain sectors.”
“Howard said, we are paid to catch falling knives. We need to do our work and make sure we've done a very good amount of analysis to be comfortable with owning a business through a cycle at the creation value we're investing at.”
“You have to be patient, you have to be unemotional, and you have to know that there will be times where you're unpopular and that's okay.”
Masters in Business: “Armen Panossian on Credit in a Time of Rising Rates”
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