Blue Owl Stock (OWL) Tanks on Investor Exodus, Caps Fund Redemptions at 5%

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Asset management company Blue Owl Capital OWL -1.26% ▼ faced a sharp drop in its stock after reporting record redemption requests in two of its funds, driven by investor concerns over AI-related technology exposure. The company has temporarily capped withdrawals at 5% for those funds. OWL stock is down by roughly 4% at market open on Thursday.

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For context, Blue Owl Capital is a U.S.-based alternative asset manager specializing in private credit, direct lending, and structured finance solutions. The firm provides investment products and services to institutional and accredited investors.

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