SCHEDULE: Sit Investment Associates Discloses Stake in Blackstone Fund

Sit Investment Associates and its subsidiary Sit Fixed Income Advisors II, LLC have reported beneficial ownership of 4.8% of Blackstone Long-Short Credit Income Fund's common stock as of June 30, 2026.

Summary

• Sit Investment Associates, Inc. and its subsidiary Sit Fixed Income Advisors II, LLC have filed a Schedule 13G, indicating their beneficial ownership of 607,252 shares of common stock in the Blackstone Long-Short Credit Income Fund.
• This holding represents 4.8% of the class of securities outstanding.
• The filing states that the shares were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.
• The ownership percentages are based on 12,708,275 shares of common stock outstanding as of December 31, 2025.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it is a routine disclosure of beneficial ownership by investment managers for their client accounts, without indicating any specific positive or negative developments for the issuer.

Positives

• Sit Investment Associates and its subsidiary have taken a notable stake in the Blackstone Long-Short Credit Income Fund, suggesting confidence in the fund's strategy or prospects.
• The filing confirms that the shares were acquired in the ordinary course of business, indicating a standard investment activity rather than a hostile takeover attempt.

Negatives

• The filing does not contain any negative financial results or operational issues for the Blackstone Long-Short Credit Income Fund itself, as it is a disclosure of ownership by an external entity.

Risks

• As an investment adviser, Sit Investment Associates and Sit Fixed Income Advisors II, LLC are subject to market risks associated with the securities they hold, including fluctuations in the value of the Blackstone Long-Short Credit Income Fund's common stock.
• Potential changes in investment strategy or fund performance could impact the value of the beneficial ownership reported.

Future Outlook

The filing does not contain specific forward-looking statements or guidance from the issuer (Blackstone Long-Short Credit Income Fund). The statements made by the reporting persons (Sit Investment Associates and Sit Fixed Income Advisors II, LLC) are certifications regarding their investment intent and do not provide future outlook for the fund's performance.

Management Comments

• "SIA and SFI provide investment management services to client accounts ('Accounts')."
• "In their roles as investment advisers SIA and SFI possess shared voting and investment power over securities of the Issuer described in this schedule 13G owned by the Accounts and may be deemed to be the beneficial owner of such shares of the Issuer owned by the Accounts."
• "All securities reported in this schedule 13G are owned by the Accounts."
• "Pursuant to Rule 13d-4 of the Securities Exchange Act of 1934, as amended (the 'Exchange Act'), SIA and SFI disclaim beneficial ownership of such securities."
• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."

Industry Context

StockSavvy.ai notes that this Schedule 13G filing is a routine disclosure for investment management firms acquiring a significant, but not controlling, stake in a publicly traded fund. It signifies a passive investment approach by Sit Investment Associates and its subsidiary, indicating they are acting as fiduciaries for their clients rather than seeking to influence the fund's management.

Stakeholder Impact

• Shareholders of Blackstone Long-Short Credit Income Fund: The filing indicates a significant passive investment by Sit Investment Associates and its subsidiary, which could be seen as a vote of confidence in the fund's strategy, potentially stabilizing or slightly increasing investor interest.
• Clients of Sit Investment Associates and Sit Fixed Income Advisors II, LLC: These clients benefit from diversified investment management where their assets are allocated to funds like the Blackstone Long-Short Credit Income Fund, managed according to the investment advisers' strategies.
• The Issuer (Blackstone Long-Short Credit Income Fund): The fund receives investment capital from Sit's client accounts, contributing to its asset base and potentially its trading volume.

Next Steps

• Sit Investment Associates and Sit Fixed Income Advisors II, LLC will continue to manage client accounts holding shares of the Blackstone Long-Short Credit Income Fund.
• The fund itself may continue its investment activities as outlined in its prospectus.

Key Dates

Keywords

Schedule 13G, Blackstone Long-Short Credit Income Fund, Sit Investment Associates, Sit Fixed Income Advisors II, Beneficial Ownership, Common Stock, Investment Adviser, SEC Filing