Blue Owl Funds Face $5.4B Redemption Requests
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Blue Owls non-traded funds face massive redemption requests, totaling $5.4 billion, due to AI-driven software shakeups. However, the company capped outflows at 5% quarterly limit, resulting in a net hit of $168 million. Investors fears are not reflected in the funds solid performance, leading Blue Owl to join other firms in implementing redemption gates. Stocks like Apollo, Blackstone, and KKR dip, with Morgan Stanley predicting 8% annual defaults in private credit software loans.
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