Canyon Capital Has Strong February With Gains On I-Bank Liquidation

Los Angeles-based Canyon Capital Advisors, headed by famous hedge fund managers  Josh Friedman and Mitch Julis, delivered 1.64% performance in February, bringing its year to date performance up to 2.52%, according to an investor letter reviewed by ValueWalk.

Equity markets bounce, Yellen noted: Canyon

“After a painful January, US equity markets bounced sharply in February, shrugging off EM-related uncertainties and underwhelming US economic data points (helped by Janet Yellen’s more dovish commentary during the month),” the letter said, noting the S&P 500 finished February at an all-time high while the high yield bond market experienced significantly lower volatility.  The high yield market was “anchored by falling Treasury yields (approximately 50% of the Barclays...