BGX (Blackstone Long-Short Creditome Fund) Total Assets : $283.60 Mil (As of Jun. 2024)

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What is Blackstone Long-Short Creditome Fund Total Assets?

Blackstone Long-Short Creditome Fund's Total Assets for the quarter that ended in Jun. 2024 was $283.60 Mil.

During the past 12 months, Blackstone Long-Short Creditome Fund's average Total Assets Growth Rate was 1.00% per year. During the past 3 years, the average Total Assets Growth Rate was -6.30% per year. During the past 5 years, the average Total Assets Growth Rate was -4.90% per year.

During the past 7 years, Blackstone Long-Short Creditome Fund's highest 3-Year average Total Assets Growth Rate was -0.20%. The lowest was -6.30%. And the median was -5.70%.

Total Assets is connected with ROA %. Blackstone Long-Short Creditome Fund's annualized ROA % for the quarter that ended in Jun. 2024 was 6.21%. Total Assets is also linked to Revenue through Asset Turnover. Blackstone Long-Short Creditome Fund's Asset Turnover for the quarter that ended in Jun. 2024 was 0.03.

Blackstone Long-Short Creditome Fund Total Assets Historical Data

The historical data trend for Blackstone Long-Short Creditome Fund's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Blackstone Long-Short Creditome Fund Total Assets Chart

Blackstone Long-Short Creditome Fund Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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339.40

326.36

337.73

299.86

258.36

Blackstone Long-Short Creditome Fund Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Assets	Get a 7-Day Free Trial									287.16	299.86	277.77	258.36	283.60

Blackstone Long-Short Creditome Fund Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Blackstone Long-Short Creditome Fund's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	166.921	+	91.438
	=	258.36

Blackstone Long-Short Creditome Fund's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2024 )	+	Total Liabilities (Q: Jun. 2024 )
	=	168.686	+	114.911
	=	283.60

Blackstone Long-Short Creditome Fund (NYSE:BGX) Total Assets Explanation

Total Assets is connected with ROA %.

Blackstone Long-Short Creditome Fund's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	16.824	/	( (258.358	+	283.597)	/ 2 )
	=	16.824	/	270.9775
	=	6.21 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Blackstone Long-Short Creditome Fund's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	8.859	/	( (258.358	+	283.597)	/ 2 )
=	8.859	/	270.9775
=	0.03

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Blackstone Long-Short Creditome Fund Total Assets Related Terms

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Blackstone Long-Short Creditome Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Blackstone Long-Short Credit Income Fund (NYSE:BGX) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

345 Park Avenue, 31st Floor, New York, NY, USA, 10154

Website

http://www.blackstone-credit.com

Blackstone Long-Short Credit Income Fund is a diversified, closed-end management investment company. The fund's primary 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. It seeks to achieve its investment objectives by employing a dynamic long-short strategy in a diversified portfolio of loans and fixed-income instruments of predominantly U.S. corporate issuers, including first- and second-lien secured loans (Secured Loans) and high-yield corporate bonds of varying maturities.

Executives

Gordon Mckemie	other: Portfolio Manager	C/O GSO CAPITAL PARTNERS LP, 345 PARK AVENUE, NEW YORK NY 10154
William J Renahan	officer: Chief Compliance Officer	399 PARK AVENUE, 4TH FLOOR, NEW YORK NY 10022
Valerie Naratil	officer: Public Relations Officer	345 PARK AVENUE, NEW YORK NY 10154
Gregory Roppa	officer: CFO & Treasurer	601 LEXINGTON AVENUE, NEW YORK NY 10022
Jane Siebels	director	345 PARK AVENUE, 31ST FLOOR, NEW YORK NY 10154
Robert Post	other: Portfolio Manager	C/O GSO/BLACKSTONE DEBT FUNDS MGMT, LLC, 345 PARK AVE 31ST FLOOR, NEW YORK NY 10154
Jane Lee	officer: Public Relations Officer	1290 BROADWAY, SUITE 1100 CO 80203
Robert W Busch	officer: CFO & Treasurer	C/O HPS INVESTMENT PARTNERS, LLC, 40 WEST 57TH STREET, 33RD FLOOR, NEW YORK NY 10019
Lion Connecticut Holdings Inc.	10 percent owner	ONE ORANGE WAY, WINDSOR CT 06095
Voya Financial, Inc.	10 percent owner	230 PARK AVENUE, NEW YORK NY 10169
Sun Life Assurance Co Of Canada	10 percent owner	ONE YORK STREET, TORONTO A6 M5J 0B6
Sun Life Financial Inc	10 percent owner	SUN LIFE ASSURANCE CO OF CANADA, ONE YORK STREET, TORONTO A6 M5J 0B6
Ing Usa Annuity & Life Insurance Co	10 percent owner	699 WALNUT STREET, SUITE 1350, DE MOINES IA 50309-3942
Ing Life Insurance & Annuity Co	10 percent owner	ONE ORANGE WAY, WINDSOR CT 06095-4774
Dohyun (doris) Lee-silvestri	officer: Chief Financial Officer	C/O HPS INVESTMENT PARTNERS, LLC, 40 WEST 57TH STREET, 33RD FLOOR, NEW YORK NY 10019

Blackstone Long-Short Creditome Fund Headlines

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