BGX
Blackstone Long-Short Credit Income FundBGX
BGX
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 strategies 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.
0
Funds holding %
of 7,296 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
27% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 11
0% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 7
3% less funds holding
Funds holding: 37 [Q4 2024] → 36 (-1) [Q1 2025]
3.01% less ownership
Funds ownership: 33.45% [Q4 2024] → 30.45% (-3.01%) [Q1 2025]
11% less capital invested
Capital invested by funds: $53.8M [Q4 2024] → $47.8M (-$5.98M) [Q1 2025]
Research analyst outlook
We haven’t received any recent analyst ratings for BGX.
Financial journalist opinion
Neutral
Business Wire
2 days ago
Blackstone Credit & Insurance Closed-End Funds Declare Monthly Distributions
NEW YORK--(BUSINESS WIRE)--Blackstone Liquid Credit Strategies LLC, an affiliate of Blackstone Alternative Credit Advisors LP (collectively, and together with their affiliates in the credit-focused business of Blackstone, Inc., “Blackstone Credit & Insurance”), announced monthly distributions for the three listed closed-end funds it advises, Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL), Blackstone Long-Short Credit Income Fund (NYSE: BGX), and Blackstone Strategic Credit 2027.
Positive
Seeking Alpha
3 weeks ago
BGX: Not Exploiting Short Opportunities And Likely To Cut Further
BGX offers high income via floating-rate loans and bonds, but its yield lags peers and recent distribution cuts reflect Fed rate policy impacts. Despite its 'long-short' branding, BGX rarely uses short positions, missing opportunities to hedge or profit during bond market declines. The fund's heavy exposure to floating-rate assets makes it vulnerable to further Fed rate cuts, likely pressuring future distributions and share price.
Negative
Seeking Alpha
2 months ago
CEF Weekly Review: Fixed Distribution Policies Can Get Unfixed
We review the CEF market valuation and performance through the third week of March and highlight recent market action. Nearly all CEF sectors were up, with MLPs rebounding and loan funds lagging; month-to-date, most sectors remain down due to lower equity prices and wider credit spreads. Invesco credit CEFs VLT and VVR cancelled their fixed managed distribution policies with VVR price falling hard on the news.
Neutral
PRNewsWire
3 months ago
Blackstone Credit & Insurance Closed-End Funds Declare Monthly Distributions
NEW YORK , March 14, 2025 /PRNewswire/ -- Blackstone Liquid Credit Strategies LLC, an affiliate of Blackstone Alternative Credit Advisors LP (collectively, and together with their affiliates in the credit-focused business of Blackstone, Inc., "Blackstone Credit & Insurance"), announced monthly distributions for the three listed closed-end funds it advises, Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL), Blackstone Long-Short Credit Income Fund (NYSE: BGX), and Blackstone Strategic Credit 2027 Term Fund (NYSE: BGB) (each a "Fund" and together the "Funds"). The Funds' monthly distributions are set forth below.
Positive
Seeking Alpha
4 months ago
Blackstone Long-Short Credit Income Fund: A Hold Amid Rate Cuts
BGX's dual long-short strategy and diversified portfolio make it a reliable income source, despite its slightly lower yield compared to peers. Rate cuts will impact BGX's profitability, but its leverage and spread on loans should mitigate the effects, maintaining stable distributions. Selling BGX shares now is premature; waiting until later in the year when the stock value increases is advisable.
Neutral
PRNewsWire
6 months ago
Blackstone Credit & Insurance Closed-End Funds Declare Monthly Distributions
NEW YORK , Dec. 13, 2024 /PRNewswire/ -- Blackstone Liquid Credit Strategies LLC, an affiliate of Blackstone Alternative Credit Advisors LP (collectively, and together with their affiliates in the credit-focused business of Blackstone, Inc., "Blackstone Credit & Insurance"), announced monthly distributions for the three listed closed-end funds it advises, Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL), Blackstone Long-Short Credit Income Fund (NYSE: BGX), and Blackstone Strategic Credit 2027 Term Fund (NYSE: BGB) (each a "Fund" and together the "Funds"). The Funds' monthly distributions are set forth below.
Neutral
PRNewsWire
6 months ago
Blackstone Credit & Insurance Closed-End Funds Announce Trustee, Officer, and Portfolio Management Team Changes
NEW YORK , Nov. 15, 2024 /PRNewswire/ -- Blackstone Liquid Credit Strategies LLC, an affiliate of Blackstone Alternative Credit Advisors LP (collectively, and together with their affiliates in the credit, asset-based finance, and insurance asset management business unit of Blackstone Inc., "Blackstone Credit & Insurance" or "BXCI"), announced certain changes in Trustee and Officer positions, as well as the Portfolio Management team, for the three listed closed-end funds it advises, Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL), Blackstone Long-Short Credit Income Fund (NYSE: BGX), and Blackstone Strategic Credit 2027 Term Fund (NYSE: BGB) (each a "Fund" and together the "Funds"). Effective November 15, 2024, Robert Zable resigned from his positions as Trustee and Chairman of the Boards of Trustees (the "Board") and as President and Chief Executive Officer of the Funds, and effective November 15, 2024, the Board appointed Daniel Leiter to these positions.
Neutral
Seeking Alpha
7 months ago
BGX: Distribution Cuts Likely To Continue, Dump This Fund
The Blackstone Long-Short Credit Income Fund offers a 9.57% yield, but this is lower than its peers due to recent distribution cuts. BGX's focus on floating-rate senior loans means it won't benefit from interest rate cuts but will suffer a declining income going forward. The market expects 6 25-basis points of cuts before the end of next year, so we can expect several distribution cuts.
Neutral
PRNewsWire
9 months ago
Blackstone Credit & Insurance Closed-End Funds Declare Monthly Distributions
NEW YORK , Sept. 13, 2024 /PRNewswire/ -- Blackstone Liquid Credit Strategies LLC, an affiliate of Blackstone Alternative Credit Advisors LP (collectively, and together with their affiliates in the credit-focused business of Blackstone, Inc., "Blackstone Credit & Insurance"), announced monthly distributions for the three listed closed-end funds it advises, Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL), Blackstone Long-Short Credit Income Fund (NYSE: BGX), and Blackstone Strategic Credit 2027 Term Fund (NYSE: BGB) (each a "Fund" and together the "Funds").
Positive
Seeking Alpha
10 months ago
BGX: A Good Way To Earn A 10% Yield Regardless Of When The Fed Cuts
Blackstone Long-Short Credit Income offers income-focused investors the ability to boost returns by shorting assets, unique among closed-end funds. The current yield of 10.03% may not be as attractive as other similar funds with higher yields, but it is still better than many other options. The BGX closed-end fund's leverage ratio of 31.83% is reasonable compared to peers, although it is very slightly higher than the last time that we discussed it.
Charts implemented using Lightweight Charts™