Canyon Up 6.26% In Q1, Bullish On European Corporate Debt

Canyon Value Realization Fund posted a return of 6.26 percent in the first quarter and has already added another +0.74 percent through April 12. The value-oriented multi-strategy fund was able to outperform all relevant benchmark indices for each asset class. The portfolio managers of Canyon Capital Advisors, Mitchell Julis and Joshua Friedman are specialists in bank debt and distressed securities.

However, the firm invests in RMBS, equities and other strategies as well. Canyon's investments in Bonds was up 11.5 percent in the first quarter, exceeding the 2.9 percent return on the comparable  Barclays US Corporate High Yield Index. The fund returned 7.1 percent...