U.S. distressed debt giant Oaktree sets up wholly owned unit in Beijing <!-- no image --> <div>U.S. distressed asset manager Oaktree Capital Management has set up a wholly owned unit in China seeking direct access to the country's bad loan market.<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=_RW98tPIntU:J6upFo_jnxs:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?d=yIl2AUoC8zA" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=_RW98tPIntU:J6upFo_jnxs:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=_RW98tPIntU:J6upFo_jnxs:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=_RW98tPIntU:J6upFo_jnxs:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=_RW98tPIntU:J6upFo_jnxs:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/_RW98tPIntU" height="1" width="1" alt=""></div> Posted by Reuters