UBS Rebalancing Advice Sparks Withdrawals From Blue Owl Opportunity Fund
OWL•UBS instructed advisors to reduce client allocations to alternative assets in its July rebalancing guidance. That recommendation prompted withdrawals from Blue Owl’s Opportunity Fund, potentially reducing the asset manager’s AUM and fee income.
1. UBS Rebalancing Guidance
In early July, UBS updated its portfolio allocation advice to advisors, recommending they trim client exposure to alternative investments and shift toward traditional asset classes.
2. Blue Owl Fund Redemptions
Following the guidance, UBS clients redeemed shares in Blue Owl’s Opportunity Fund, triggering outflows that could pressure the firm’s assets under management and recurring fee revenue.
