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00:02Blue Owl Capital shares have fallen nearly 40% this year as investor concerns about private
00:07credit weighed on the stock, according to the Wall Street Journal. Co-CEOs Doug Ostrover and
00:13Mark Lipschultz removed Blue Owl shares as collateral for personal loans, according to
00:18a Friday filing. The move followed concerns that a declining share price could trigger margin calls
00:23and add selling pressure. The executives had pledged about 43 million and 33 million shares
00:29earlier this year. The stock rose about 2% Friday to just under $10 after the update.
00:35Investor concerns have also focused on redemption requests, credit stress, and exposure to software
00:41lending. A Blue Owl fund recently sold $400 million in bonds. For all things money, visit Benzinga.com.
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