Jane Siebels
About Jane Siebels
Jane M. Siebels (born 1960) is the Lead Independent Trustee of Blackstone Long-Short Credit Income Fund (BGX) and serves on the Audit Committee and the Nominating and Governance Committee; she has been a Trustee of BGX since November 2021, with her current term expiring in 2026 . Her recent professional background includes CEO of Homer Technology, prior service as CEO and CIO of Amber Asset Management (f/k/a Green Cay Asset Management) until 2019, and consulting at Per4M with advisory work for a small global equity hedge fund . The Board highlights her experience as an investment professional and corporate board member among the qualifications for trustees .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Homer Technology | Chief Executive Officer | Current (past five years) | Not disclosed |
| Amber Asset Management (f/k/a Green Cay Asset Management) | Chief Executive Officer & Chief Investment Officer | Until 2019 | Not disclosed |
| Per4M | Consultant | Formerly (past five years context) | Not disclosed |
| Small global equity hedge fund | Advisor | Current (past five years) | Not disclosed |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Scotia Bank (Bahamas) | Director | Past five years | Not disclosed |
| Scotia Bank International (Bahamas) | Director | Past five years | Not disclosed |
| Scotia Trust (Bahamas) | Director | Past five years | Not disclosed |
| First Trust Bank (Bahamas) | Director | Past five years | Not disclosed |
| Global Innovation Fund | Director | Past five years | Not disclosed |
| Amber Asset Management | Director | Until 2019 | Not disclosed |
Board Governance
- Lead Independent Trustee and member of Audit and Nominating & Governance Committees; independent (non-interested) under the 1940 Act/NYSE .
- Board leadership: interested Chair (Daniel Leiter) with Lead Independent Trustee (Siebels) to ensure independent oversight; all committees chaired by independent trustees .
- Meeting cadence and attendance: each Board met eight times in fiscal 2024; each Trustee attended at least 75% of Board and applicable Committee meetings .
- Audit Committee composition and activity: three independent trustees (Jasper—Chair and financial expert, Schpero, Siebels); met four times in fiscal 2024 .
- Nominating & Governance Committee: three independent trustees (Schpero—Chair, Jasper, Siebels); met three times in fiscal 2024 .
- Compensation oversight: no separate Compensation Committee; Nominating & Governance reviews compensation arrangements for independent trustees .
- Independence safeguards: none of the independent trustees or their immediate families owned securities in the Adviser or had transactions/relationships >$120,000 with the Adviser or affiliates over the past five years/two fiscal years (other than fund investments permitted by SEC staff guidance) .
Fixed Compensation
| Component | Amount ($) | Notes |
|---|---|---|
| Annual Trustee Retainer (Closed-End Funds) | $155,000 | Paid per annum to each independent trustee; allocated pro rata across funds by average NAV . |
| Lead Independent Trustee Retainer | $16,000 | Additional retainer per annum for Lead Independent Trustee . |
| Audit Committee Chair Retainer | $12,000 | Not applicable to Siebels (Jasper is Chair) . |
| Nominating & Governance Chair Retainer | $12,000 | Not applicable to Siebels (Schpero is Chair) . |
| BGX Compensation (2024) | $28,491 | Fund-level allocation of 2024 trustee compensation . |
| BSL Compensation (2024) | $32,458 | Fund-level allocation of 2024 trustee compensation . |
| BGB Compensation (2024) | $96,473 | Fund-level allocation of 2024 trustee compensation . |
| Total Compensation from Fund Complex (2024) | $171,000 | Includes compensation paid by BGFLX prior to deregistration in Oct 2024 . |
Each trustee fee is paid quarterly and allocated pro rata across funds by average NAV .
Performance Compensation
| Element | Disclosure |
|---|---|
| Equity awards (RSUs/PSUs), options, performance metrics | None disclosed for trustees in fiscal 2024; compensation framework described as retainers with committee role premiums, overseen by Nominating & Governance Committee . |
| Clawbacks, change-in-control terms, severance | Not disclosed for trustees . |
Other Directorships & Interlocks
| Entity | Relationship to BGX | Potential Interlock/Conflict |
|---|---|---|
| Scotia Bank (Bahamas) and affiliates; First Trust Bank (Bahamas) | External directorships by Siebels | No BGX-related transactions or adviser-affiliate interests disclosed; independent trustees/families reported no >$120k interests or transactions with the Adviser/affiliates . |
| Global Innovation Fund | External directorship | No BGX-related transactions or adviser-affiliate interests disclosed . |
Expertise & Qualifications
- The Board cites Siebels’ investment professional experience and corporate board service as key attributes for trustee consideration .
- Her recent operating role (CEO, Homer Technology) and prior asset management leadership (CEO/CIO, Amber Asset Management) provide financial markets and governance experience relevant to BGX oversight .
Equity Ownership
| Metric | Value |
|---|---|
| BGX Common Shares Owned (as of Dec 31, 2024) | 0 |
| Ownership % of BGX Common Shares | 0% |
| Dollar Range in BGX | None |
| Aggregate Dollar Range across Family of Investment Companies | None |
Governance Assessment
- Strengths: Lead Independent Trustee role enhances independent oversight despite an interested Chair; Siebels serves on both Audit and Nominating & Governance Committees, which met regularly in 2024, with the Board and all Trustees meeting attendance at least 75%—supporting engagement and governance cadence . The Audit Committee is fully independent, chaired by an SEC-designated “financial expert” (Jasper), and operates under an updated charter, indicating mature financial reporting oversight . Conflicts screening shows no disqualifying related-party interests or transactions with the Adviser or its affiliates for independent trustees/families .
- Concerns/RED FLAGS: Zero share ownership in BGX and the broader fund complex by Siebels weakens direct alignment with shareholder outcomes; this is notable given her senior independent role (Lead Independent Trustee) . Absence of disclosed equity or performance-linked compensation for trustees suggests limited pay-for-performance incentives at the board level .
- Context: Compensation is fixed/retainer-based with additional role premiums and pro rata allocation methodology; compensation oversight sits with Nominating & Governance rather than a standalone Compensation Committee, consistent with the fund’s governance model .