The stock of Blue Owl Capital Inc (OWL) closed the regular trading session at $12.39, gaining 1.14% from the previous day’s trading session. The stock plummeted in the after-hours and lost 8.07% to $11.39. The firm employed a new head of ESG. Also, the firm employed a new head for private wealth. Furthermore, OWL reported the fiscal performance for Q4 of FY2021.
On 2 March 2022, the company declared that it has employed Machal Karim as the new chief of the ESG department. Ms. Karim will be answerable for propelling vital heading and execution of ESG standards across Blue Owl’s business and ventures. Karim as of late filled in as an executive at the CDC Group. In this job, she was liable for creating supportability systems and evaluating sway across $3bn+ of resources in the company’s portfolio. The CEO of OWL commented that they are eager to invite Machal when the execution of ESG is in basic interest, both from financial backers and their own workers. Ms. Karim stated that she is excited to join Blue Owl at the possibility of additional creating and carrying out the organization’s ESG standards.
Moreover, the company reported the employment of Pak-Seng Lai as the chief for private wealth distribution. Mr. Lai will initiate the development of Blue Owl’s private abundance business across APAC markets. Lai was chief at UBS AG where he prompted private value ventures and portfolio development for the firm. Also, he stated that he is eager to join Blue Owl and assist with carrying its private abundance business to the APAC district.
Blue Owl also reported the fiscal performance for Q4 and FY2021. The key highlights of the performance are
- OWL has a revenue of $288.5 million in Q4 of FY21 versus $106 million in the same year-ago period. The revenue expanded by 172.1%. Also, the revenue in FY2021 grew by 229.7% to $823.8 million in FY21 from $249.8 million in the previous year.
- Also, the company has a total income of $0.82 million in Q4 of FY21 against the total loss of $49.7 million in Q4 of FY20. Moreover, OWL’s total loss in FY21 was $376.1 million compared to $77.8 million in FY20.
- Further, the firm had a loss of $0.01 and $1.34 in Q4 and FY21, respectively.