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DOJ Probes BlackRock Private Credit Fund Valuations After Dramatic Repricings
DOJ Probes BlackRock Private Credit Fund Valuations After Dramatic Repricings
It all started in late January, just before the Blue Owl debacle and the SAAS-palcypse sparked a historic crash in private credit.
It was then that in a rare off-cycle disclosure, BlackRock TCP Capital Corp., a publicly traded private-credit fund structured as a business development company (BDC), disclosed a 19% markdown in net asset value as troubled loans weighed on performance. The news not only sent shares of the fund plunging 13% on Jan. 26, the most since March 2020 but market...
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Jun 22, 2026 / Dave DeCamp
Jerusalem’s Latin and Greek Patriarchs Visit Gaza’s Small Christian Community
The Latin and Greek Orthodox Patriarchs of Jerusalem began a visit to the small Christian community in Gaza on Monday as daily Israeli attacks continue across the Palestinian territory despite a US-backed ceasefire deal that was signed last year. In a joint statement, Cardinal Pierbattista Pizzaballa and Patriarch Theophilos III said the purpose of the […]
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Sep 7, 2026 / Tyler Durden
GOP Bets On Trumpapalooza To Defy Midterm History
GOP Bets On Trumpapalooza To Defy Midterm History
Authored by Carolina Lumetta via RealClearPolitics,
Texas-based Republican strategist Rebecca Trahan is excited to see the first-ever GOP midterm convention come to Dallas next week. More specifically, she hopes it will bring yet more national attention and dollars to the Senate campaign for state Attorney General Ken Paxton.
"I think [the convention] can be very motivating. I hope that the event does encourage and get people to get out and vote," Trahan told RealClearPolitics. "I hope that it drives a lot of money to...
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Aug 30, 2026 / Tyler Durden
Druckenmiller Warning: The Bond Market Already Priced It
Druckenmiller Warning: The Bond Market Already Priced It
Authored by Lance Roberts via RealInvestmentAdvice.com,
Recently, Stanley Druckenmiller wrote an opinion piece for the Wall Street Journal. The “Druckenmiller warning” hit on August 24, and within a day, the financial press turned it into a soap opera. Some of the headlines were “Mentor scolds protégé,” and “Billionaire slams the Treasury Secretary.” Then, the revelation that he wrote it with the help of AI somehow became its own headline.
However, while the media was busy making headlines, the argument was lost. Stanley Druckenmiller did not forecast a debt crisis, nor pitch a trade....
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