Mariner Investment Group Lowers stake in Blackstone / GSO Strategic Credit Fund (BGB)

Blackstone / GSO Strategic Credit Fund (BGB) : Mariner Investment Group reduced its stake in Blackstone / GSO Strategic Credit Fund by 17.71% during the most recent quarter end. The investment management company now holds a total of 527,854 shares of Blackstone / GSO Strategic Credit Fund which is valued at $7,854,468 after selling 113,611 shares in Blackstone / GSO Strategic Credit Fund , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Blackstone / GSO Strategic Credit Fund makes up approximately 2.55% of Mariner Investment Group’s portfolio.

Other Hedge Funds, Including , Cidel Asset Management Inc boosted its stake in BGB in the latest quarter, The investment management firm added 1,304 additional shares and now holds a total of 15,754 shares of Blackstone / GSO Strategic Credit Fund which is valued at $234,420. Blackstone / GSO Strategic Credit Fund makes up approx 0.01% of Cidel Asset Management Inc’s portfolio. Shaker Financial Services added BGB to its portfolio by purchasing 19,492 company shares during the most recent quarter which is valued at $290,041. Blackstone / GSO Strategic Credit Fund makes up approx 0.20% of Shaker Financial Services’s portfolio.Horrell Capital Management reduced its stake in BGB by selling 12,300 shares or 57.75% in the most recent quarter. The Hedge Fund company now holds 9,000 shares of BGB which is valued at $133,830. Blackstone / GSO Strategic Credit Fund makes up approx 0.08% of Horrell Capital Management’s portfolio.

Blackstone/GSO Strategic Credit Fund (BGB) is a non-diversified closed-end fund. The Fund’s 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. BGB invests primarily in portfolios or loans and other fixed income instruments of predominantly United States Corporate issuers including first-and second-lien loans (Senior Secured Loans) and high yield corporate bonds of varying maturities. BGB must hold no less than 80% of its managed assets in credit investments comprising corporate fixed income instruments and other investments with similar economic characteristics. GSO/Blackstone Debt Funds Management LLC is the investment adviser for BGB.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Blackstone / GSO Strategic Credit Fund - Is it time to Sell?

Top Brokerage Firms are advising their investors on Blackstone / GSO Strategic Credit Fund. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.