Mitch Julis: This Is A “Vivid Reminder” Of How Quickly Markets Can Turn [Exclusive]

Rupert Hargreaves

Published onFebruary 29, 2020

While the broader stock and credit markets rode a wave of "discount rate compression and multiple expansion in 2019," idiosyncratic events "shaped the year" for Canyon Partners' Distressed Opportunity Fund II.

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According to the fund's year-end 2019 letter to investors, a copy of which has been reviewed by ValueWalk, the majority of the gains in the fund's portfolio came from to post distressed companies that announced symbiotic M&A transactions.

crash 1582921794 — vainodesositis / Pixabay

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Rupert Hargreaves

Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha

Mitch Julis: This Is A “Vivid Reminder” Of How Quickly Markets Can Turn [Exclusive]

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