Blackstone Stock Falls As Apollo, Ares Limit Redemptions

Blackstone stock is under selling pressure. What’s pulling BX shares down?Redemption Limits Spark Sector‑Wide JittersAres' $10.7 billion Strategic Income Fund allowed investors to withdraw only 5% of outstanding shares, even though clients tried to pull more than double that amount. Apollo's $15.1 billion Debt Solutions fund imposed the same cap after receiving similarly heavy requests.The size of the redemption wave — larger than what Blackstone and BlackRock Inc (NYSE:BLK) faced earlier this month — has a ...