Oaktree on the hunt for more distressed assets

US alternative investment company says it's a 'long-term believer' in China's growth prospects

Global alternative investment company Oaktree Capital Management LP said on Friday that it would continue to seek distressed asset investments in China as it remains confident on its growth prospects.

"We are long-term believers in China and still very optimistic about the long-term performance of the country and its economy," said Howard Marks, chairman of Oaktree.