The alternative asset managers were down 25% on average on a total return basis during the first half of 2026 as more volatile markets and uncertainties tied to US fiscal, tariff, and monetary policies, and concerns over the private credit market weighed on the group.
Blue Owl Capital, with $188.4 billion in fee-earning AUM at the end of March 2026, has been a go-to firm for institutional and high-net-worth investors looking for exposure to alternative assets.
Problems with its Blue Owl Capital Corp II private-credit fund have weighed on the company's stock price and could limit its ability to raise capital in the future in this segment of the alternatives market.
|
Metric
|
OWL
|
BX
|
ARES
|
|---|---|---|---|
Price/Earnings (Normalized) | 10.58 | 32.31 | 30.87 |
Price/Book Value | 3.06 | 11.91 | 11.04 |
Price/Sales | 2.18 | 6.53 | 4.70 |
Price/Cash Flow | 4.57 | 13.76 | 15.92 |
|
Metric
|
OWL
|
BX
|
ARES
|
|---|---|---|---|
Quick Ratio | 2.01 | — | 0.98 |
Current Ratio | 2.10 | — | 0.98 |
Interest Coverage | 3.12 | — | 2.18 |
|
Metric
|
OWL
|
BX
|
ARES
|
|---|---|---|---|
Return on Assets (Normalized) | 7.65% | 13.07% | 1.59% |
Return on Equity (Normalized) | 41.99% | 72.99% | 15.43% |
Return on Invested Capital (Normalized) | 10.53% | — | 2.82% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| BlackRock Inc
BLK
| LOCK|ryc^@x# | LOCK|&& | $166B | |||
| Blackstone Inc
BX
| LOCK|zZh%&ll | LOCK|QB# | $99B | |||
| KKR & Co Inc Ordinary Shares
KKR
| LOCK|>&dTg<< | LOCK|@?$z | $91B | |||
| Brookfield Asset Management Ltd Ordinary Shares - Class A
BAM
| LOCK|DZ?GkC | LOCK|vCYk | $77B | |||
| Apollo Global Management Inc
APO
| LOCK|D$qMMC | LOCK|t&^z | $69B | |||
| State Street Corp
STT
| LOCK|??!&ppC | LOCK|J! | $50B | |||
| Ameriprise Financial Inc
AMP
| LOCK|%<Jds^C | LOCK|^d#^% | $47B | |||
| Northern Trust Corp
NTRS
| LOCK|!?!m?@W | LOCK|t>x | $34B | |||
| Raymond James Financial Inc
RJF
| LOCK|&&B?Pgb | LOCK|@#@>W | $33B | |||
| Ares Management Corp Ordinary Shares - Class A
ARES
| LOCK|?d@<^Z | LOCK|$>%Q^ | $28B |
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United States