Skeptical Of
And thousands of jobs to New Yorkers… I’ll bet he can open a grocery store for under $30mm.
OCIC Drops 5.2% Ahead of Outflow Reveal
With @GZuckerman on the edge of his seat waiting for @BlueOwlCapital’s Q1 outflow numbers for OCIC, it’s interesting that today the stock is down 5.2%, or 4% more than peers. One would think plenty of employees already know the number.
Fear Stems From Market Declines, Not Saba’s Bid
I’m genuinely interested in everyone’s thoughts. IMHO, what’s stoking fear @AcaciaCap isn’t our bid but the massive declines in everything from OTF, TCPC, FSK, OXLC, BPRE, the tripling of outflows for Cliffwater and Blue Owl, the frauds, the rise in...
Investors Likely to Dump Public Credit Amid Bearish CDX HY
This has to be one of the most bearish charts I’ve ever seen for CDX HY. One can argue that they won’t be as correlated as they’ve always been, but ‘this time is different’ may be wrong . I think...
Liquidity Overpromises Trigger Cascading Outflows Crisis
My partner @kieranwgoodwin has been so right about this space for over a year which has really sharpened my vision. Outflows beget outflows. Gating begets outflows. Selling some of the underlying portfolio to meet minimum redemptions creates losses and begets...