
Alternative asset manager Blue Owl Capital's OWL.N shares down 2.3% at $11.10, paring losses after falling as much as 7.5%
Stock slid 5.9% on Thursday as the firm's strategy to return capital from a small debt fund spooked some investors
OWL said late Thursday it was not halting investor liquidity in the fund after the earlier announcement weighed on its shares
"There are a few headlines that we think are a complete mischaracterization of what's happening here. We aren't halting redemptions" - Blue Owl co-President Craig Packer
"The sentiment in the alternatives and private credit space continues to be very negative, which continue to drive shares lower," says Piper Sandler analyst Crispin Love
"Blue Owl and the alts names continue to be driven by sentiment and headlines" - Love
As of last close, OWL down 22.5% YTD