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Blackstone's Flagship Private Credit Fund, World's Largest, Posts First Monthly Loss Since 2022
Blackstone's Flagship Private Credit Fund, World's Largest, Posts First Monthly Loss Since 2022
It only took a constant barrage of negative news surrounding the private credit space, including a surge in redemptions, investor gating, questions about loan markets as well as outright fraud, not to mention relentless criticism from of some of the biggest luminaries in credit, including Saba's Boaz Weinstein and Diameter's Scott Goodwin, for Blackstone to concede that its private credit book may have been mismarked.
According to Bloomberg, Blackstone's flagship private credit fund - and the world's largest...
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Apr 6, 2026 / Tyler Durden
JPM's Dimon Warns Of "Skunk At Party," Talks Credit Cycles, Touts U.S. Military Power
JPM's Dimon Warns Of "Skunk At Party," Talks Credit Cycles, Touts U.S. Military Power
JPMorgan CEO Jamie Dimon began his annual shareholder letter on Monday by tying the bank's legacy to the nation's history: "In 2026, America is celebrating its 250th anniversary. This year, we are also celebrating the 227th anniversary of JPMorgan Chase, which was founded in April 1799."
Quick Summary
Dimon used his annual letter to tout another year of record financial results, while warning that investors may be underestimating the risks building across the global economy. These risks include...
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Apr 23, 2026 / Tyler Durden
"Gone In 60 Seconds": Feds Uncover DC-Area International Car Theft Ring
"Gone In 60 Seconds": Feds Uncover DC-Area International Car Theft Ring
Authored by Jill McLaughlin via The Epoch Times,
Federal authorities in the Washington area have uncovered an alleged international vehicle theft ring involving six people suspected of stealing cars and shipping them to Africa, where they are sold for top dollar.
Six people were charged on April 22 in connection with their roles in the alleged scheme.
A 15-count federal indictment was unsealed in U.S. District Court for the District of Columbia, charging the defendants with conspiracy to steal at least 20...
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Feb 18, 2026 / Tyler Durden
Who Exactly Is Going To Be Earning More With AI?
Who Exactly Is Going To Be Earning More With AI?
By Michael Every of Rabobank
May The Warsh Be With You
After having written about AI for two days in a row, it wasn’t the intention to do so again today. However, developments on the ground are accelerating while those responsible for dealing with the fallout are failing to understand what the immediate implications are.
Two short movies were just made with AI for pennies, in hours, both more entertaining than anything Hollywood has splurged onto our screens in some time. (The latest...
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