Oaktree Capital Group, LLC announced that Larry Keele, head of the firm's U.S. Convertibles strategy, has decided to retire from Oaktree effective June 30, 2015 to pursue his personal interests full-time. Effective immediately, Stu Spangler, managing director, who has been a member of Oaktree's Convertibles team since 1997 and backup portfolio manager since 2011, will serve as co-portfolio manager of the U.S. Convertibles strategy alongside Mr. Keele through June 30 to ensure a smooth transition, assuming full portfolio manager duties thereafter. Mr. Keele will remain a member of Oaktree's board of directors.