• Blue Owl Capital investors requested $5.4 billion in redemptions from two private credit funds amid accelerating outflows in the financial services sector.
• The fund manager reversed its policy by capping redemptions at 5% to manage liquidity pressures effectively.
• This development highlights rising concerns over private credit market stability amid broader economic uncertainties.
Family pushing for greater controls after inquest finds Oliver Robinson’s prescription was ‘obstacle’ to proper careOliver Robinson felt he had exhausted conventional therapies when he left the Priory, a private mental health facility where he was treated for depression and addiction between 2019 and 2022. Initially he found relief from a new kind of prescription elsewhere. But by the time he took his own life in November 2023, aged 34, his medicine was making him worse.In January, an inquest concluded that Robinson’s prescription for medicinal cannabis had “probably contributed to his death”. Catherine McKenna, the coroner for Manchester North, also ruled that his continued use of the prescription, first issued to him in May 2022 by Curaleaf Clinic, a private cannabis provider, “acted as an obstacle” to him receiving appropriate psychiatric and addiction care. His family understand this to be the first ruling of its kind. Continue reading...
• Iran-linked hackers posted private messages and photographs belonging to FBI Director Kash Patel in what appears to be a cyber retaliation operation amid escalating U.S.-Iran tensions.
• The breach represents a significant security incident targeting senior U.S. intelligence leadership during heightened Middle East conflict.
• The incident underscores growing cyber threats and Iranian capabilities to penetrate U.S. government security systems.
Claimants say lost documents hide scale of alleged unlawful information gathering at publisher of the Daily MailThe amount of lost or destroyed documents relating to the Daily Mail publisher’s use of private investigators is “stark in the extreme”, the high court has heard.However, the thin surviving evidence of payments to private investigators contains “conspicuous and often shocking evidence”, according to lawyers for a group of claimants accusing the publisher of using unlawful techniques. Continue reading...
• Taiwan-based DRAM chipmaker Nanya Technology secured NT$78.72 billion (US$2.47 billion) through private share placements from SK Hynix subsidiary Solidigm, Japan's Kioxia, and U.S. companies Cisco Systems and SanDisk Technologies.
• Following the investment, SK Hynix will hold a 2 percent stake, Kioxia 2 percent, SanDisk 4 percent, and Cisco 2 percent in Nanya Technology, positioning the company strategically amid the AI boom.
• The capital will be directed toward investing in advanced memory manufacturing facilities and production equipment, strengthening Nanya's competitive position in the high-demand semiconductor market.
Lawmakers consider latest bill that targets trans people for using the bathroom that matches their gender identityIdaho lawmakers are considering a bill that would make it a crime for transgender people to use the bathroom that matches their gender identity – even inside privately owned businesses.At least 19 states, including Idaho, already have laws barring transgender people from using bathrooms and changing rooms that align with their gender in schools and, in some cases, other public places. The LGBTQ+ advocacy organization Movement Advancement Project’s tracking of the laws shows that three other states – Florida, Kansas and Utah – have made it a criminal offense in some circumstances to violate the bathroom laws. Continue reading...
Gavin Burrows said claimants in case against Daily Mail publisher ‘very misled’ over his workA private investigator whose disputed confessions of illegal activity form a key part of the case brought by Prince Harry and others against the Daily Mail’s publisher has said the admissions were “a thing of fiction”.Giving highly anticipated evidence at the high court, Gavin Burrows said the claimants in the case, as well as their lawyers, had been “very misled” over his work, adding that the supposed admissions in his name were “a pack of lies”. Continue reading...
Growing stress in the global private credit market contributed to US investors dumping stocks before the March 13, 2026, close, alongside geopolitical risks and hedge fund losses. This pressure, distinct from recession fears, prompted defensive positioning as markets grappled with Persian Gulf uncertainties. Private credit strains, involving non-bank lending to companies, risk amplifying volatility if oil disruptions persist. Watchers note this as a key signal beyond traditional equity drivers.
Growing stress in the global private credit market contributed to institutional risk reduction on March 13, 2026, alongside geopolitical and oil concerns. Hedge funds faced losses, prompting defensive stances before the weekend close. This layered pressure exacerbated the Dow's 7% drop from its February 10 peak. Monitoring includes private credit default rates and fund liquidations next week.
Image: Dow Jones Newswires