Blue Owl Capital stock plunged ~5% after investor letters by the private credit manager showed that it is curbing withdrawals from two more of its funds after a surge in redemption requests. Shares were trading 4.48% lower at $8.32 during Thursday's pre-market trading. Blue Owl Credit Income said in a letter to its shareholders that it received an estimated repurchase request of 21.9% of shares ou...
Blue Owl Capital stock plunged ~5% after investor letters by the private credit manager showed that it is curbing withdrawals from two more of its funds after a surge in redemption requests. Shares were trading 4.48% lower at $8.32 during Thursday's pre-market trading. Blue Owl Credit Income said in a letter to its shareholders that it received an estimated repurchase request of 21.9% of shares outstanding during the first quarter, against the fund structure allowing a quarterly liquidity of up to 5%. OCIC will fulfill its tender offer of 5% on a pro rata basis, representing ~23% of total shares tendered. Meanwhile, Blue Owl Technology Income received an estimated 40.7% of total tender requests during the quarter, and is set to fulfill its tender offer of 5% of shares outstanding on a pro-rata basis. For OTIC, the 5% tender offer represents $179M, higher than the gross capital inflows of $127M recorded in Q1. Blue Owl Technology Income's $52M outflows represent less than 2% of its ~$3B net asset value. Similarly, OCIC's 5% redemptions represent $988M against gross capital inflows of $872M in the first quarter. Blue Owl Credit Income's $116M outflows represent less than 1% of the fund's NAV. Blue Owl Capital said its two funds are in a strong position to meet their current tender obligation and any future tender offers. In February, OWL had halted redemptions for Blue Owl Capital Corp II, which targets retail investors. Yesterday, KKR & Co. ( KKR ) said KKR FS Income Trust, a non-traded business development company, curbed redemptions after receiving repurchase requests totaling 6.3% of the outstanding shares. More on Blue Owl Capital Blue Owl Looks Incredibly Cheap, And That's Not A Compliment (Downgrade) Blue Owl Capital: 10% Investment-Grade Dividend Yield On AI Panic Understanding Blue Owl's Crash Lawmakers probe Blackstone, Ares and peers over private credit practices: report U.S. Treasury to consult insurance regulators on rising private credit risks: report
Effects of Iran’s blockade will depend on how long crisis lasts as disruption ripples through supply chains Middle East crisis – live updates The closure of the strait of Hormuz, the crucial oil and gas shipping route that has been blocked by Iran since the US-Israeli attacks began, is having ripple effects around the world, with most industries already grappling with rising energy costs. If the s...
Effects of Iran’s blockade will depend on how long crisis lasts as disruption ripples through supply chains Middle East crisis – live updates The closure of the strait of Hormuz, the crucial oil and gas shipping route that has been blocked by Iran since the US-Israeli attacks began, is having ripple effects around the world, with most industries already grappling with rising energy costs. If the strait is not reopened, transport blockages across the Middle East could cause significant shocks to food and medicine supplies. No one knows how long the wider conflict will last, but governments are panicking about the implications. Yvette Cooper, the UK foreign secretary, is hosting a meeting with 35 other countries on Thursday to discuss reopening the strait. Here is what could happen in the UK if the blockade drags on. Continue reading...
The imaginary fund created by MarketWatch that invests in stocks hated by Wall Street has outperformed the S&P 500, the Nasdaq and most active fund managers during the Iran war.
The imaginary fund created by MarketWatch that invests in stocks hated by Wall Street has outperformed the S&P 500, the Nasdaq and most active fund managers during the Iran war.
e-crow/iStock via Getty Images ET Looks Like A Safe-Haven Yield Play I don't think I shall retell all the news of the past few weeks to make sure you understand what I mean by the "chaos" in the title of this article. As I'm writing these lines, both the S&P 500 ( SPX ) and the NASDAQ Composite ( US100:IND ) futures are falling by over 1% while the crude oil futures rise again (this time by 7.60%)...
e-crow/iStock via Getty Images ET Looks Like A Safe-Haven Yield Play I don't think I shall retell all the news of the past few weeks to make sure you understand what I mean by the "chaos" in the title of this article. As I'm writing these lines, both the S&P 500 ( SPX ) and the NASDAQ Composite ( US100:IND ) futures are falling by over 1% while the crude oil futures rise again (this time by 7.60%) following Trump's threats to hit Iran "extremely hard" . Seeking Alpha, main page In this environment, I was thinking about potentially safe assets that can weather the storm if consumer inflation ticks up again, making its second wave after COVID. Last time we saw abnormally high inflation rates - the 2021-2023 cycle - a lot of MLPs like Energy Transfer ( ET ) felt great. And even when the inflation subsided, ET, continuing this example, kept rising higher: Data by YCharts In today's environment, it looks obvious that when crude oil prices jump, energy names tend to follow, and when the markets calm down, the pumped-up stock/unit prices follow as well. But as we can see above, it's not entirely true. I believe ET can repeat its outstanding performance, having limited valuation contraction during the next (possible) inflation overheating. The massive long-term contracts to supply natural gas to AI-driven data centers that Energy Transfer has already secured are not going anywhere, which is making this pick not just a safe haven, but also a GARP pick among MLPs. My Updated Reasoning On ET Units My previous research article on ET was basically a preview piece, as I posted in late January . Since then, ET has already reported for its fiscal Q4 2025, showing an adjusted EBITDA of ~$4.18 billion (+8% YoY) at $25.32 billion revenue. The analysts were expecting $24.38 billion in Q4 top-line (+29.5% YoY), so ET has beaten the consensus by over 5%, according to Seeking Alpha. The partnership's results were largely driven by higher volumes in key divisions like NGL fractionation, LP...
Gunter_Nezhoda Short interest across the tech sector shows a clear divide, with heavily shorted positions concentrated in smaller, high-beta names, while large-cap leaders continue to see minimal bearish bets. Here’s a list of the 10 most shorted technology stocks (market cap above $2B) as of March: SoundHound AI ( SOUN ): 35.04% Ondas Holdings ( ONDS ): 33.23% CleanSpark ( CLSK ): 33.08% MARA Hol...
Gunter_Nezhoda Short interest across the tech sector shows a clear divide, with heavily shorted positions concentrated in smaller, high-beta names, while large-cap leaders continue to see minimal bearish bets. Here’s a list of the 10 most shorted technology stocks (market cap above $2B) as of March: SoundHound AI ( SOUN ): 35.04% Ondas Holdings ( ONDS ): 33.23% CleanSpark ( CLSK ): 33.08% MARA Holdings ( MARA ): 30.08% Applied Digital ( APLD ): 28.17% Bitdeer Technologies ( BTDR ): 24.27% TeraWulf ( WULF ): 22.77% IonQ ( IONQ ): 21.68% UiPath ( PATH ): 20.47% Nebius Group ( NBIS ): 19.59% On the other end, the least shorted tech stocks (market cap above $2B) include: Ubiquiti ( UI ): 0.61% EverCommerce ( EVCM ): 0.75% Apple ( AAPL ): 0.85% Amphenol ( APH ): 0.90% Nvidia ( NVDA ): 0.94% Oracle ( ORCL ): 1.06% Microsoft ( MSFT ): 1.08% Broadcom ( AVGO ): 1.11% Arista Networks ( ANET ): 1.22% Motorola Solutions ( MSI ): 1.31% Popular technology ETFs include the Technology Select Sector SPDR Fund ( XLK ), Vanguard Information Technology ETF ( VGT ), iShares U.S. Technology ETF ( IYW ), VanEck Semiconductor ETF ( SMH ), iShares Semiconductor ETF ( SOXX ), and the Invesco QQQ Trust ( QQQ ), which offer broad and thematic exposure to large-cap technology and semiconductor stocks. More on Invesco QQQ Trust, State Street Technology Select Sector SPDR ETF, etc. Iran And Oil Spark An Explosive Month How Reserve Management Purchases Have Eased Money Market Rates Implications From Japan's March Rate Decision Lawmakers react as Trump signals Iran escalation IGV Software ETF crashes 24% in worst quarter since '08, Quant rates top holdings
KanawatTH Chip and AI-related stocks were largely in the red on Thursday after U.S. President Donald Trump said the country will strike Iran “extremely hard” over the next two to three weeks. The tech-focused Nasdaq Composite ( COMP:IND ) fell around 2%. At the same time, the benchmark S&P 500 ( SP500 ) declined about 1.3%, while the blue-chip Dow ( DJI ) fell nearly 1.4%. In a rare prime-time add...
KanawatTH Chip and AI-related stocks were largely in the red on Thursday after U.S. President Donald Trump said the country will strike Iran “extremely hard” over the next two to three weeks. The tech-focused Nasdaq Composite ( COMP:IND ) fell around 2%. At the same time, the benchmark S&P 500 ( SP500 ) declined about 1.3%, while the blue-chip Dow ( DJI ) fell nearly 1.4%. In a rare prime-time address on Wednesday, Trump also signaled that the conflict could be short-lived and that talks with Tehran remain ongoing. In addition, Trump blamed Iran for the recent spike in U.S. gasoline prices, saying attacks on oil tankers and regional targets have driven the increase. Meanwhile, lawmakers offered sharply divided responses. Oil prices jumped on Thursday following Trump's speech. Brent Futures ( CO1:COM ) surged about 7.6%, while Crude Oil Futures ( CL1:COM ) soared nearly 12.2%. Shares of AI chipmaker Nvidia ( NVDA ) fell about 2%, while Advanced Micro Devices ( AMD ) slumped nearly 3%. Broadcom ( AVGO ) fell nearly 3%, while Qualcomm ( QCOM ) dipped about 2%. Several other AI and networking-related stocks were also largely in the red on Thursday. Celestica ( CLS ) slumped about 4%, while Arista Networks ( ANET ), Lumentum ( LITE ), Coherent ( COHR ), and Corning ( GLW ) each fell around 2%. Cisco ( CSCO ) was also in the red. However, some stocks seemed to buck the trend. Applied Optoelectronics ( AAOI ) surged about 7%, while Ciena ( CIEN ) climbed around 1%. Micron Technology ( MU ) plummeted about 5%, while Arm ( ARM ) and Marvell Technology ( MRVL ) each slumped around 4%. Taiwan Semiconductor Manufacturing ( TSM ) and Lattice Semiconductor ( LSCC ) each fell nearly 3%, while Analog Devices ( ADI ) and Texas Instruments ( TXN ) each declined about 2%. GlobalFoundries ( GFS ) dipped around 1%. Meanwhile, Intel ( INTC ) rose about 1%. Chip equipment makers: ASML ( ASML ) and Lam Research ( LRCX ) each tumbled about 3%, while Applied Materials ( AMAT ) and KLA ( KLAC...
Just two weeks after the Justice Department targeted Hossein Shamkhani ’s sprawling shipping empire, another arm of the US government, the Treasury, effectively gave the network breathing space — helping make the sanctioned Iranian oil mogul an early financial beneficiary of the US-Israel war on Iran. Shamkhani's web of companies has helped keep crude flowing through the Strait of Hormuz — the cri...
Just two weeks after the Justice Department targeted Hossein Shamkhani ’s sprawling shipping empire, another arm of the US government, the Treasury, effectively gave the network breathing space — helping make the sanctioned Iranian oil mogul an early financial beneficiary of the US-Israel war on Iran. Shamkhani's web of companies has helped keep crude flowing through the Strait of Hormuz — the critical waterway effectively closed to most commercial oil shipments in recent weeks by Tehran — and from floating storage anchored offshore, according to people familiar with the Islamic Republic's complex shipping operations and tanker-tracking data reviewed by Bloomberg News. Iran’s control of the Strait of Hormuz has allowed its ships to transit the chokepoint but blocked oil flows from other Gulf producers through the channel. That’s created shortages and higher global oil prices. The windfall for the country’s oil traders has also been partly fueled by policy whiplash from the administration of US President Donald Trump. After the DOJ moved to seize more than $15 million tied to the Shamkhani shipping empire, the US Treasury issued a temporary sanctions waiver that opened the door for Iran-linked vessels , including some tied to him, to move and sell oil already loaded as of March 20. The measure was designed to take the sting out of rising oil prices by boosting supply. Combined, it means that sanctioned Iranian oil, which sold at a steep discount pre-war, is now changing hands at a slight premium to Brent crude. The oil price stood at around $110 a barrel on Thursday after Trump warned of a possible escalation in the war in coming weeks. Since the conflict began, at least two vessels associated with Shamkhani — the Kush and Breez — have entered or exited Hormuz, with over a dozen more moored on each side of the strait, data compiled by maritime intelligence firm Pole Star Global show. The Shamkhani network also had at least four vessels, including two Very Large Crude...
Private credit markets are under pressure as record redemption requests hit major firms like Blue Owl. With investors rushing for liquidity, fund managers face a critical choice: enforce strict withdrawal limits or risk creating a false sense of stability. As retail investors become the next growth engine, this moment could define the future of the $1.8 trillion private credit industry. (Source: B...
Private credit markets are under pressure as record redemption requests hit major firms like Blue Owl. With investors rushing for liquidity, fund managers face a critical choice: enforce strict withdrawal limits or risk creating a false sense of stability. As retail investors become the next growth engine, this moment could define the future of the $1.8 trillion private credit industry. (Source: Bloomberg)