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Shares of Blue Owl<\/a><\/span> Capital (OWL) are moving lower after Blue Owl Credit Income Corp. disclosed a letter sent to its shareholders announcing redemptions in two of its private credit funds will be limited. Blue Owl said it will cap redemptions in its private-credit and technology-focused funds at 5% after receiving withdrawal requests totalling 21.9% in the former and 40.7% in the latter fund. Shares of Blue Owl Capital are down 7%, or 59c, to $8.13 in morning trading. Other alternative asset management stocks, including Ares<\/a><\/span> Management (ARES), KKR<\/a><\/span> (KKR), Apollo Global (APO<\/a><\/span>) and Blackstone (BX<\/a><\/span>), are also moving lower.<\/p>\n Published first on TheFly<\/a><\/span> \u2013 the ultimate source for real-time, market-moving breaking financial news. Try Now>><\/a><\/span><\/i><\/p>\n See Insiders\u2019 Hot Stocks on TipRanks >> <\/strong><\/a><\/p>\n Read More on ARES:<\/strong><\/span><\/p>\n Disclaimer & Disclosure<\/a>Report an Issue<\/a><\/p>\n<\/p><\/div>\n