Key Points
- Blackstone president Jon Gray defended the quality of loans within the firm’s flagship private credit fund after investors as concerns in the sector are growing.
Blackstone’s Gray: Market ‘noise’ fueled record redemptions from world’s largest private credit fund
Finance
Saba Capital finds little appetite for tender offer of shares in Blue Owl, Starwood private credit funds
Key Points In March, Saba offered liquidity to investors who were locked in Blue Owl Capital Corporation II, a non-traded private credit fund, at a 35% discount. Investors in Starwood Real Estate Income Trust were also made a similar offer at a 24% or 29% discount, based on the share class. On Monday, Saba said […]
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Finance
Stocks making the biggest moves after hours: LendingClub, Nucor, Rambus, Bed Bath & Beyond and more
Check out the companies making headlines after the bell : Bed Bath & Beyond — The home goods retailer surged 31% after reporting first-quarter revenue of $247.8 million, beating the $240.1 million analysts polled by FactSet had expected. The company also posted an adjusted loss of 25 cents per share, narrower than the 28-cent loss […]
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Finance
Ray Dalio says Kevin Warsh shouldn’t cut interest rates in a ‘stagflation’ era
Key Points The founder of Bridgewater Associates said persistent inflation pressures alongside slowing growth create a backdrop that demands caution from policymakers. “We are certainly in a stagflationary period,” Dalio said Monday on CNBC’s “Money Movers.” Source
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