March was the worst month ever, but April was the best in 9 years says legendary credit fund manager Mitch Julis

March was a difficult month for many months as uncertainty around the coronavirus peaked. For Canyon Partners, it was the worst month in its 30-year history. On the flip side, April was the fund's best month since 2009.

Q1 2020 hedge fund letters, conferences and more

The worst month and the best month

In their recent letter to investors, which was reviewed by ValueWalk, Mitch Julis's  Canyon Partners team said that over the last nearly 40 years, they have experienced a variety of different adversities. They thought these experiences had taught them the various ways things could go wrong. They modeled a number of possible downside outcomes for the...