Two Blue Owl funds cut dividends, with one halving its stake in SpaceX
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This is the latest sign of pressure in the industry. An exchange with assets of $15.3 billion and another with $14.1 billion both reduced dividends later in the evening on May 6. In the first quarter, the exchange conducted stock buybacks for both funds, repurchasing $30 million and $50 million worth of its own shares respectively. In addition, the technology fund sold about half of its SpaceX holdings in the first quarter, netting $117 million. Expand
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