@vegasstarfish@nodoubt@SphereVegas Couldn’t you order a limo from Bell or similar limo who will at least wait reasonable period for you to come out unlike UBER that will disappear in five seconds and subject you to surge pricing?
It just got worse
Breaking: UBS Bank has stopped withdrawals from its nearly $500 million real estate fund for up to 3 years
UBS Bank now joins other asset managers such as BlackRock, Ares Management, Apollo and Blackstone
@StevenBridges You might want to do a mea culpa on this Clark county gaming revenues in 2024 and 2025 were records. The state publishes this and you continue with they are in decline and the answer no they are not @vegasstarfish
Oaktree private credit redemptions $BAM:
OAKTREE WILL MEET 8.5% PRIVATE CREDIT FUND REDEMPTIONS IN FULL
Oaktree Capital Management is meeting all redemption requests for a private credit fund, allowing investors to take out 8.5% of net assets.
The firm's parent company, Brookfield Corp., is contributing roughly $80 million to help satisfy the request, with the Oaktree fund repurchasing 6.8% of its own shares.
Oaktree is cutting the fund's dividend by 2 cents to position the strategy "for long-term sustainability", with the fund still expected to deliver an 8.5% annualized net distribution rate.
“UBS said the fund's liquid assets were insufficient to meet redemption requests. The move by UBS is the latest in a string of asset managers placing caps on funds, most of them private credit funds in the United States, amid a surge in redemption requests.” 👇🏼
https://t.co/uWgRFUxg1n
Brewers owner Mark Attanasio, for the first time publicly, put a dollar figure on the demise of the RSN model for the Brewers' bottom line: $20 million per year.
SOURCE: The Phillies have canceled the $1.3 million pre-agreement they had with their top international prospect from the 2029 class after the player tested positive for banned substances.
The pitcher, just 13 years old, tested positive for steroid use.
Kids using steroids..😢
New Money Saves the Day for Now. But $3 Billion Inflows Mask Deeper Liquidity Risks at CCLFX
“The pitch was simple: access to private credit, 9.5% annualized returns, 1% management fee, no performance fee (and no minimum investor qualifications).
Capital was pouring in.
The machine was eating.
Last week, the machine got indigestion…..
….Between March and September 2025, total borrowings jumped from $6.7B to $9.8B (a 45% increase in six months). During the same period, total assets grew 18.5%.
In other words, the fund was borrowing faster than it was growing….”
@LeylaKuni
__________
March 4,2026
“..Rubric, founded by a former deputy of the New York Mets owner Steven A. Cohen, predicts that Cliffwater will be “the first domino in the bank run we foresee..”
https://t.co/X7y5kDU49x
__________
March 9, 2026
Rubric Capital Sounds Alarm Systemic Risk Brewing in Leveraged Private Credit
https://t.co/7l1iogvKU7
____________
https://t.co/HViwu86glS
Breaking: JPMorgan is building new Credit Default Swaps, or CDO's to let clients bet against Google, Amazon, Meta, Microsoft & Oracle
History doesn't repeat itself, but it often rhymes