Church pressures Oaktree

The owner of Turtle Bay also manages funds for the United Methodist Church

By Kristen Consillio
kconsillio@starbulletin.com

The pension and benefits arm of the United Methodist Church is pressuring the owner of Turtle Bay Resort to resolve its dispute with opponents of the resort's planned expansion.

Owner Oaktree Capital Management LP, which manages some of the $15 billion in assets of the General Board of Pension and Health Benefits of the United Methodist Church, has come under fire after Hawaii parishioners voiced concerns about whether the company is adhering to the church's strict social principles that deal with fairness, equity and the environment.

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