Why did asset manager shares fall?

Asset manager shares fell due to investor anxiety sparked by worries over a private-credit fund managed by Blue Owl Capital and potential spillover effects.

How much did Blue Owl Capital shares drop?

Blue Owl Capital shares deepened their weekly losses to around 12%.

Which other asset managers were affected?

Other asset managers with exposure to private credit, including Ares Management, Blackstone, Apollo Global Management, and KKR & Co., also saw their shares decline.

Home / Business and Economy / Blue Owl Fund Fear Sinks Asset Managers

Blue Owl Fund Fear Sinks Asset Managers

22 Feb

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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.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.