Blackstone Long-Short Credit Fund (BGX)
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BGX Chart
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.
BGX: Short Strategy Proven To Be Ineffective (Rating Downgrade)
Blackstone Long-Short Credit Income Fund is downgraded to sell due to unsustainable payouts and persistent NAV erosion. BGX trades at a 12% discount to NAV, reflecting market concerns over high software exposure and below-investment-grade credit risk. The fund pays out more than it earns, with a 7.7% yield unsupported by net investment income, risking further NAV declines.
Blackstone Long-Short Credit Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| PER Paul E. Rasmussen SIT INVESTMENT ASSOCIATES Inc. | 640,105 | $7.41M | $6.93M | -$476,188.01 | -6.43% |
| PF Phillip Fitzsimmons Hennion & Walsh Asset Management Inc. | 14,658 | $180,946.45 | $158,746.14 | -$22,200.31 | -12.27% |
 Daniel Guy Ethos Financial Group LLC | 13,499 | $161,890.75 | $146,126.67 | -$15,764.08 | -9.74% |
 Christopher C. Powers Farther Finance Advisors, LLC | 58 | $630 | $622.34 | -$7.66 | -1.22% |
| RJ Rebecca Judd Pathstone Holdings, LLC | 706,910 | $8.18M | $7.65M | -$526,971.12 | -6.45% |
