benzinga81d ago
Blue Owl Capital (NYSE: OWL ) shares are falling Thursday after Bloomberg reported that the company limited redemption requests to two of its funds . Blue Owl Capital stock is testing lower boundaries. Why did OWL hit a new low? Blue Owl Capital Limits Fund Withdrawals According to Bloomberg , Blue Owl Capital saw redemption requests totaling $5.4 billion from two of its flagship funds: Blue Owl Technology Income Corporation (OTIC) and Blue Owl Credit Income Corporation (OCIC). Blue Owl received redemption requests for OCIC of about 21.9% during the first quarter, while OTIC received redemption requests of 40.7%. The firm limited all of the requests to a 5% quarterly threshold and attributed the elevated request levels to increased concerns around AI-linked disruption of software companies. OWL Stock Trades Below Key Averages With risk appetite mixed, traders are ... Full story available on Benzinga.com