The Canyon Distressed Opportunity Fund III held its first closing at the beginning of November 2019. It has so far called 50% of capital commitments. The total net asset value, including uncalled capital commitments, was approximately $1.7 billion at the end of September.
Q3 2021 hedge fund letters, conferences and more
According to a copy of the fund's September update, which ValueWalk has been able to review, fund managers have deployed capital across various bankruptcy and liquidation situations. They see the potential for strong returns across the portfolio, where there has been substantial progress in the underlying business, which is yet to be reflected in market pricing.
However, the fund managers are...
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