Sound Point Capital Management Lp Exits Position in Blackstone / GSO Strategic Credit Fund (BGB)

Blackstone / GSO Strategic Credit Fund (BGB) : Sound Point Capital Management Lp has sold out all of its stake in Blackstone / GSO Strategic Credit Fund during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 96,244 shares of Blackstone / GSO Strategic Credit Fund which is valued at $1,443,660.

Other Hedge Funds, Including , Cnh Partners reduced its stake in BGB by selling 126,186 shares or 56.3% in the most recent quarter. The Hedge Fund company now holds 97,926 shares of BGB which is valued at $1,468,890. Blackstone / GSO Strategic Credit Fund makes up approx 0.03% of Cnh Partners’s portfolio. Parametric Portfolio Associates sold out all of its stake in BGB during the most recent quarter. The investment firm sold 712,946 shares of BGB which is valued $10,694,190.Greenwich Wealth Management reduced its stake in BGB by selling 985 shares or 2.37% in the most recent quarter. The Hedge Fund company now holds 40,653 shares of BGB which is valued at $609,795. Blackstone / GSO Strategic Credit Fund makes up approx 0.13% of Greenwich Wealth Management’s portfolio.Bessemer Group Inc reduced its stake in BGB by selling 36,900 shares or 3.41% in the most recent quarter. The Hedge Fund company now holds 1,043,716 shares of BGB which is valued at $15,655,740. Blackstone / GSO Strategic Credit Fund makes up approx 0.08% of Bessemer Group Inc’s portfolio.State Of New Jersey Common Pension Fund D boosted its stake in BGB in the latest quarter, The investment management firm added 30,000 additional shares and now holds a total of 490,000 shares of Blackstone / GSO Strategic Credit Fund which is valued at $7,291,200. Blackstone / GSO Strategic Credit Fund makes up approx 0.03% of State Of New Jersey Common Pension Fund D’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.

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