Canyon Capital Gains In UK Shipper, Irish Hotel Debt

Mitchell Julis and Joshua Friedman's Canyon Capital has been doing well this year, particularly on the basis of its European portfolio. The credit focused hedge fund, Canyon Value Realization Fund, has gained over $300 million on its $2 billion investment in the European region in the past one year, and this was achieved without the fund selling any of the original assets.

CVRF is up 11.5 percent in the third quarter of 2013, beating all of the major indices that watch bonds. Even better, CVRF has gained 0.97 percent through October 18...