Asset Manager Shares Plunge as Blue Owl Curbs Fund Redemptions

Shares of alternative asset managers tumbled on Thursday after Blue Owl Capital Inc. restricted withdrawals from one of its retail-focused private credit funds, a fresh blow to a sector that’s...

By Georgie McKay · Bloomberg Markets

Shares of alternative asset managers tumbled on Thursday after Blue Owl Capital Inc. restricted withdrawals from one of its retail-focused private credit funds, a fresh blow to a sector that’s faced heightened scrutiny in recent weeks.