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BGX - BGX: Why A Fund's Name Requires Looking Deeper
Blackstone GSO Long Short Credit Income Fund
The Blackstone/GSO Long-Short Credit Income Fund difference is its strategy of being both long and short in Fixed Income assets. This dual strategy is more common for equities.
While a 30% short allocation is permitted, recent reports back into 2021 show the CEF with no short positions. This during a period of rising interest rates.
Without any Short positions, now or in the recent past, BGX seems to be a typical secured loan CEF. Understanding that, investors betting on a shrinking discount might take a look.