Blue Owl permanently halts redemptions at private credit fund aimed at retail investors
New York investment group backtracks from earlier plan to reopen to withdrawals
New York investment group backtracks from earlier plan to reopen to withdrawals

Investment group’s decision sends shivers through industry

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

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

Fund it operates took in fraction of capital from year-ago level as worries mount over potential surge in loan defaults

Asset manager blocks redemptions from one of its first private debt vehicles targeting wealthy individuals

Fears mount that outflows may soon overwhelm inflows to some of largest players