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Ancient Capital appoints Imran Ahmed and Sonya Li to senior investment roles. Ancient Capital, the wholly owned asset management subsidiary of Ancient Financial, has announced the appointments of Imran Ahmed as Chief Investment Officer and Sonya Li as Managing Director. Both Ahmed and Li will report to Erich Schram, Chief Executive Officer of Ancient Financial and Ancient Capital, and will help lead and build out Ancient Capital's investment team. As Chief Investment Officer, Ahmed will oversee investments and portfolio construction for the asset management business, including the management and allocation of the platform's insurance balance sheet assets. He joins Ancient Capital from Silver Rock Capital Partners, where he was responsible for portfolio construction, risk management, and the sourcing and underwriting of investments across corporate, structured and asset-backed credit. Prior to that, Ahmed served as a Managing Director at Blackstone, where he worked for the Strategic Opportunities Fund. In her new role, Li will pursue direct investments, focusing on strategic investments and platform partnerships to support the growth of the business. She brings nearly two decades of experience in alternative credit, strategic transactions and platform growth. Li joins from Blue Owl Capital, where she was a Managing Director within the Office of the Co-CEOs and led strategic acquisitions, including Blue Owl's purchases of IPI Partners, Atalaya Capital Management and Prima Capital Advisors. The two hires follow a series of senior appointments since the firm's launch in March 2026, including Shannon O'Grady as Head of Capital Formation, Derrick Chin as Head of Operations, Steve Ruggeri as Head of Finance and Peter Celebucki as Vice President. Schram said, "Ancient Capital is a rare opportunity to build an investment platform without legacy constraints, with the discipline of an institutional balance sheet behind it. Imran and Sonya are exactly the caliber of investor we set out to attract when we formed this business. Between them, they bring decades of experience underwriting investments, constructing portfolios, and driving strategic transactions at some of the most respected institutions in our industry." Alexander Klabin, Chairman, Ancient Financial, added, "When we created Ancient Financial, we set out to build a platform with the institutional rigor and expertise to manage capital across insurance and asset management, and asked Erich to lead that vision. Imran and Sonya's track records speak for themselves, and I'm confident they'll play a central role in Ancient Capital's growth in the years ahead." In February 2026, Ancient Financial entered into a definitive agreement to acquire Bermuda-based life and annuity reinsurer F&G Re from a subsidiary of F&G Annuities & Life. The business will be renamed Ancient Re upon closing.

OFSS shares fall over 5% as Oracle flags power delays at AI data centre. OFSS shares fell more than 5% intraday after parent Oracle issued a force majeure notice over possible power delays at its Project Jupiter data centre. The stock was heading for its worst week since January 2025, while Oracle and developer Blue Owl said they remained committed to the project. Published on: 25 Sep 2026, 6:30 am Updated on: 25 Sep 2026, 6:30 am Oracle Financial Services Software (OFSS) shares fell more than 5% on Friday, September 25, after its U.S. parent issued a "force majeure" notice for Project Jupiter. Oracle cited possible delays in securing power for the New Mexico data centre, which it plans to use to supply AI computing capacity to OpenAI. OFSS heads for its worst week since January 2025. OFSS shares touched Rs. 10,332 on the NSE before recovering to Rs. 10,572, down 3.2% during Friday's session. The stock was down about 11% for the week, putting it on course for its steepest weekly fall since January 2025, when it declined more than 12%. The decline follows earlier concern about financing for Jupiter. Last week, banks quoted about $18 billion in loans tied to the campus at 89 to 91 cents on the dollar. Concerns about Oracle's borrowing and setbacks at the site have made the debt harder to sell to investors. Why did Oracle issue the notice? Blue Owl's STACK Infrastructure is developing the 1,400-acre Jupiter campus in Doña Ana County. A person familiar with the agreement told Reuters that Oracle issued the notice over possible delays in securing power. Under the contract, Oracle is responsible for arranging power for the site. Oracle aims to delay certain payments if Jupiter misses its planned 2028 opening, Bloomberg reported. The company is not seeking to leave as the campus's main tenant. A person familiar with the agreement said Oracle cannot terminate the lease. Oracle said Jupiter "remains on our planned schedule." Blue Owl said the notice does not change the companies' financial commitments. The notice addresses potential delays, while both companies maintain that they remain committed to the project. Power delays put project financing under pressure. Jupiter has faced setbacks involving a planned natural gas pipeline and challenges related to water and air-quality permits. The campus forms part of Stargate, the AI infrastructure initiative involving OpenAI, Oracle, SoftBank and other partners. Securing power remains a key step toward opening the facility. Blue Owl has about $3 billion of equity in Jupiter, while Oracle is responsible for debt costs, according to a person familiar with the agreement. Blue Owl earns a lower return during construction and expects a higher return after completion. A later opening would push back the start of those higher payments. Will the delay affect Oracle's near-term revenue? Brokerage William Blair expects limited near-term effects on Oracle despite the concerns about power and regulatory delays. It said Jupiter will contribute no revenue in Oracle's fiscal 2027, leaving that year's revenue unaffected by the campus's delivery timetable. The notice has brought fresh attention to the costs and schedules behind large AI data centres. It does not indicate that OpenAI has reduced its demand for computing capacity. For OFSS, however, the development has added to a week of sharp share losses as investors track Jupiter's power supply and planned 2028 opening.