Blackstone Long-Short Credit Income Fund (BGX)

• Market cap: $162M
• 1 day: 0.71%
• 5 days: 1.52%
• 1 month: -2.38%
• 3 months: -1.47%
• 6 months: 0.63%
• Year to date: 0.79%
• 1 year: 9.66%
• 5 years: -18.51%
• 10 years: -19.65%

About: Blackstone Long-Short Credit Income Fund is a diversified, closed-end management investment company. The fund's primary investment objective is to seek high current income, with a secondary objective to seek preservation of capital, consistent with its primary goal of high current income. It seeks to achieve its investment objectives by employing a dynamic long-short strategy in a diversified portfolio of loans and fixed-income instruments of predominantly U.S. corporate issuers, including first- and second-lien secured loans (Secured Loans) and high-yield corporate bonds of varying maturities.

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

0% more funds holding

Funds holding: 37 [Q2] → 37 (+0) [Q3]

0% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 6

8% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 13

5.92% less ownership

Funds ownership: 41.23% [Q2] → 35.32% (-5.92%) [Q3]

13% less capital invested

Capital invested by funds: $65.1M [Q2] → $57M (-$8.15M) [Q3]