This debt fund highlighted the gap between the “haves” and “have-nots” – ValueWalk Premium

This debt fund highlighted the gap between the “haves” and “have-nots”

Canyon Distressed Opportunity Funds II sent its third-quarter letter to investors last week. The fund has been winding down its portfolio and will continue to do so in the coming months. Canyon issued its first two capital distributions in July and August and started its harvesting period on Sept. 1.
Winners and losers
The fund said its biggest detractors during the quarter were its positions in offshore drilling, which came under pressure due to increasing concerns about the pace of recovery . . .

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