Home / Business and Economy / Blue Owl Fund Fear Sinks Asset Managers
Blue Owl Fund Fear Sinks Asset Managers
22 Feb
Summary
- Asset manager shares dropped due to private-credit fund anxiety.
- Blue Owl Capital shares fell around 12% last week.
- Other asset managers exposed to private credit also declined.
Shares of major asset managers experienced substantial declines last week, fueled by investor concerns over a private-credit fund operated by Blue Owl Capital. This situation sparked broader anxieties regarding potential spillover effects within the financial markets.
Blue Owl Capital's stock saw a significant downturn, particularly on Friday, extending its weekly losses to around 12%. The negative sentiment impacted other companies involved in private credit, including those operating business development companies (BDCs). Consequently, shares of firms such as Ares Management, Blackstone, Apollo Global Management, and KKR & Co. also registered decreases for the week.
