Canyon Up On The Margin In August, Gains From Cumulus Media

 Mitchell Julis and Joshua Friedman's Canyon Capital was up in their flagship strategy in August, according to a investor letter seen by ValueWalk. After gaining +0.18 percent in August, returns on Canyon Value Realization Fund are now up 9.94 percent YTD. This is much better than other credit hedge funds. We also featured CVRF in the best performing credit funds of the year so far in an earlier post. While this is not CVRF's best return of the year, it still outperformed the benchmark indices. Credit Suisse Leveraged Loan Index was up 0.04 percent, whereas Barclays U.S. Corporate HY Bond Index was down 0.6 percent in the same period.