👀 Investors are starting to pull money out of major funds en masse


Private funds are facing record redemption demand.
⚪️ A $26B BlackRock fund has limited withdrawals after redemption requests reached 9.3%, compared to the usual ~4%.
⚪️ A Blackstone fund previously fulfilled a record weekly redemption request of 7.9% of shares, with the company and its employees stepping in to help support liquidity.
Meanwhile, oil is at its highest level since 2024, and stocks continue to decline.
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