News•Feb 25, 2026
Saba Boss Warns of Turmoil in Private Credit Following Blue Owl Strains
Boaz Weinstein, founder of Saba Capital, warned that the private credit market is entering a turbulent phase after Blue Owl Capital’s recent liquidity strain. Blue Owl has limited withdrawals and sold loans to satisfy redemptions, causing its shares to tumble roughly 50% despite revenue growth. In response, Saba and Cox Capital launched cash tender offers for three Blue Owl‑managed BDCs at 20‑35% discounts to net asset value, aiming to provide liquidity for stuck investors. Weinstein also signaled plans to launch a fund to exploit dislocations, echoing similar concerns voiced by JPMorgan’s Jamie Dimon.
By Hedgeweek
News•Feb 25, 2026
Separate Ways II: The SMA Playbook for 2026
Separately managed accounts (SMAs) are now the dominant channel for institutional capital, driven by demand for customized exposure and fee transparency. A new report surveying 100 hedge fund managers and 50 allocators uncovers operational friction points, especially around data transparency...
By Hedgeweek
News•Feb 23, 2026
Hedge Funds Retreat to Cash as Bitcoin Trading Turns Defensive
Crypto hedge funds are dramatically cutting exposure as Bitcoin steadies in a narrow mid‑$60,000 range, a full 50% drop from its October peak. The market’s steepest single‑day fall in four years triggered a wave of liquidations, prompting managers to prioritize...
By Hedgeweek
News•Feb 23, 2026
Millennium Ups Allocation to FourSixThree in Private Credit Push
Millennium Management has increased its stake in credit specialist FourSixThree by $250 million, adding to a $1 billion investment made last year. The new capital will be deployed through a separate sleeve focused on less‑liquid credit opportunities rather than the manager’s traditional...
By Hedgeweek
News•Feb 20, 2026
BlackRock to Merge Two Investment Trusts Following Saba Backing
BlackRock announced the merger of two of its UK investment trusts, a move supported by activist investor Saba Capital. The consolidation will combine assets worth over £X billion, aiming to enhance scale and reduce operating costs. By streamlining the trusts, BlackRock...
By Hedgeweek
News•Feb 19, 2026
Lightkeeper Rolls Out AI-Powered ‘Beacon’ to Deliver Verifiable Portfolio Insights
Lightkeeper has introduced Beacon, an AI‑enabled feature that lets hedge funds and asset managers ask plain‑English questions about their portfolios. The tool pulls answers from Lightkeeper’s validated, institutional‑grade data rather than unverified sources, preserving transparency and auditability. Beacon connects client...
By Hedgeweek
News•Feb 19, 2026
Hedge Funds Go Head-to-Head over Kem One Debt
Kem One, the French chemicals producer owned by Apollo Global Management, has seen its €450 million bond issue collapse to roughly 2 cents on the euro as energy costs rise and cheap Chinese supply floods the market. Distressed credit funds led by...
By Hedgeweek
News•Feb 19, 2026
UCITS Strategies Regaining Traction with Europe’s Wealthy
European high‑net‑worth investors are gravitating back to alternative UCITS funds, a liquid hedge‑fund‑style vehicle, as assets under management rose 22% to $287 billion in 2025. The sector logged four consecutive quarters of inflows, the longest streak in four years, driven by...
By Hedgeweek