2007 Parallel? Blue Owl Capital Freezes Retail Private Credit Fund Withdrawals - Blue Owl Capital (NYSE:OWL)

Economist Mohamed El-Erian took to X (formerly Twitter) on Thursday morning with a question after Blue Owl Capital Inc (NYSE:OWL) permanently halted redemption at its retail private credit fund.“Is this a ‘canary-in-the-coalmine’ moment, similar to August 2007?” El-Erian wrote, citing a Financial Times report that Blue Owl “will permanently restrict investors from withdrawing their cash from its inaugural private retail debt fund.” The idiom references the historical mining practice of using caged canaries ...