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New York —
Until recently, Blue Owl Capital’s name was synonymous on Wall Street with the booming business of private credit, a lightly regulated area of finance in which non-banks lend money to risky companies. Lately, though, its name has come to embody the $1.8 trillion industry’s vulnerabilities.
Blue Owl has shed 40% of its market value this year, and its stock (OWL) sank again on
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