Canyon July Returns Hurt By Distressed Equities
The Canyon Value Realization Fund (CVRF), the $6.7 billion fund managed by Canyon Capital Advisors LLC, lost 0.55% in July bringing it to a 4.7% gain for the year through the end of July, putting it behind the S&P 500 (up 5.66% over the same period) but well ahead of other benchmarks.
“In July, risk assets sold off on a mixture of weak earnings, geopolitical . . .
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