Saba Capital’s Bold Tender Offer: Buying Blue Owl Funds at Steep Discounts Amid Private Credit Turmoil

When a hedge fund swoops in to buy distressed stakes at 20–35% below net asset value, it’s rarely a random act of generosity. It’s arbitrage—and it signals something deeper is fracturing in the private credit market. In early February 2026, Boaz Weinstein’s Saba Capital Management, partnering with Cox Capital Partners, launched a tender offer to…

The $14 Trillion Paradox: Why BlackRock’s Record AUM and Crashing Profits Signal a Global Economic Shift

In global finance, numbers often tell two conflicting stories. Today, BlackRock (NYSE: BLK) released its Q4 2025 earnings, and the headlines are a masterclass in cognitive dissonance. On one hand, Larry Fink’s empire has officially crossed the $14 trillion Assets Under Management (AUM) threshold—a figure so vast it exceeds the GDP of every nation on…