Blackstone Long-Short Credit Fund (BGX)
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Income-Covered Closed-End Fund Report, August 2026
Quantitative screens highlight CEFs trading at wide discounts, negative z-scores, and high yields, offering both value and income potential. Metrics like premium/discount, coverage, leverage, and z-score are used to shortlist funds for further due diligence, not as final buy/sell recommendations. Funds such as BGX, PFO, and EFT consistently rank highly across discount, yield, and coverage screens, warranting closer investor attention.
BGX: Don't Bet On Distribution Hikes In The Near Term
The Blackstone Long-Short Credit Income Fund targets high current income via leveraged exposure to floating-rate senior loans and CLOs, yielding 9.09%. BGX's income and distribution sustainability hinge on interest rate direction; recent weak jobs data and political bias suggest rate hikes may be unlikely. Despite full net investment income coverage of distributions in 2025, BGX suffered capital losses and a 10.72% share price decline since May 2025.
The Triple-Factor Closed-End Fund Report, June 2026
The Triple-Factor CEF screen highlights funds with >6.5% yield, >90% coverage, and discounts to NAV, balancing income, sustainability, and value. Top candidates like VVR, BGX, and DHF offer double-digit discounts, strong coverage, and yields up to 11.6%, presenting potential for both income and capital appreciation. Negative z-scores across several funds indicate they are trading well below historical valuation ranges, suggesting possible mean reversion opportunities.
Blackstone Long-Short Credit Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| PER Paul E. Rasmussen SIT INVESTMENT ASSOCIATES Inc. | 607,252 | $7.05M | $6.6M | -$451,643.89 | -6.4% |
 Bulldog Investors Bulldog Investors LLP | 185,505 | $2.01M | $2.02M | $12,985.35 | 0.65% |
| PF Phillip Fitzsimmons Hennion & Walsh Asset Management Inc. | 14,658 | $180,946.45 | $157,133.76 | -$23,812.69 | -13.16% |
| BO Brian Oliveira Clear Street Group Inc. | 218 | $2,372 | $2,376.2 | $4.2 | 0.18% |
 Daniel Guy Ethos Financial Group LLC | 13,499 | $161,890.75 | $144,709.28 | -$17,181.47 | -10.61% |
