Canyon Adds to European Debt, Returns Double Digits YTD

Mitchell Julis and Joshua Friedman's Canyon Value Realization Fund is another hedge fund that is up in July and shaking off the effects of chaotic markets of June. Yesterday we mentioned Loeb Arbitrage Fund has netted  a gain of 1.8% through July 19, now CVRF, a multistrategy fund with focus on credit, has gained 1.6% in the same period.

Notably, Canyon's RMBS portfolio was up only 2.3% on a gross basis in Q2. The low return is not surprising as in the...