Blue Owl private credit funds redemptions capped at 5% after steep requests

Blue Owl is experiencing elevated redemption requests for two of its private credit funds, according to letters to shareholders issued Thursday. The firm’s flagship OCIC fund, with about $36 billion in assets under management, received redemption requests of about 21.9% of shares outstanding during the first quarter, the firm said. Blue Owl’s smaller, tech-oriented fund,…

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These are the countries moving to ban social media for children

Over the past several months, many countries have announced plans to restrict social media access for children and teens. Australia became the first to implement such measures at the end of last year, setting a precedent that other countries are now closely watching.  Australia’s regulations, along with other countries’ proposals, aim to reduce the pressures…

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