Canyon Balanced Funds was up more than 41% net since the end of last year’s first quarter. It took about 10 months for the fund to recover from the lows in that quarter, a few months longer than the 2009 rebound after the Global Financial Crisis. The fund has a little over $26 million in assets under management, bringing it to close from its peak just before the pandemic. Q4 2020 hedge fund letters, conferences and more Digging out of holes In their February letter to investors, which was reviewed by ValueWalk, co-founders Josh Friedman and Mitch Julis said they…
Canyon Capital Has Tapped Into The Pandemic Fallout: In-Depth Analysis [Q4 Letter]
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.
