Saba Capital’s Boaz Weinstein warns of private credit's "financial alchemy" and problems are multiplying by the quarter; predicts Cliffwater redemption rate of 10-20% and bullish on Ares, Apollo, and Blackstone stocks, CNBC reports

Saba Capital's Boaz Weinstein highlights significant concerns regarding the private credit market, referring to its challenges as "financial alchemy." His prediction of a 10-20% redemption rate for Cliffwater suggests increasing stress in the sector, likely influencing investor sentiment. Meanwhile, his bullish stance on Ares, Apollo, and Blackstone may indicate where he sees potential value amidst this growing uncertainty in private credit.