Weinstein's 'Buying Pessimism' Trade Falls Flat On Blue Owl Tender - Blue Owl Capital (NYSE:OWL)
Shares in Blue Owl Capital Corp. II, one of the firm's non-traded business development companies (BDCs), were met with limited participation. The tender offer will not be extended, according to Bloomberg.The lack of participation in the tender offer suggests that investors are choosing to hold their shares rather than sell at prices below their original purchase cost, amid the private credit sector’s chaos.Oaktree Capital Management elected to fully satisfy all redemption requests, representing 8.5% in its ...