Hedge fund Saba offers to buy stakes in Blue Owl funds at steep discount
Boaz Weinstein’s investment vehicle launches offer as private credit group is seeking to shore up investor confidence
Boaz Weinstein’s investment vehicle launches offer as private credit group is seeking to shore up investor confidence

Offer from Saba Capital to buy shares of private credit fund at 65 cents on the dollar fails to attract sellers

Investment group’s decision sends shivers through industry

US fund manager has become a warning of what happens when exotic products do not go to plan

Troubles at New York-based asset manager are making investors nervous about the wider industry

Glendon Capital Management says debts are marked higher than similar publicly traded securities

Loss of 6.5% this year for credit strategy extends period of lacklustre performance for Saba Capital