PG&E bonds may have boosted Canyon Capital’s January returns [Exclusive] – ValueWalk Premium

PG&E bonds may have boosted Canyon Capital’s January returns [Exclusive]

The Canyon Balanced Fund was up 0.26% net in January. The CS Leveraged Loan Index was up 0.53%, while the Bloomberg Barclays US Corp HY Index was up 0.03%. The Russell 2000 was down 3.21%, and the S&P 500 was down 0.4%.

Flight to safety
In their January letter to investors, which was reviewed by ValueWalk, Canyon Capital Advisors noted that stock indices reached record highs in the first half of the month following the phase one trade deal between the U.S. and China.

However, stocks and other risk assets sold off . . .

SORRY!

This content is exclusively for paying members.

If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.


X
Saved Articles
X
TextTExtLInkTextTExtLInk

The top investors are reading ValuewalkPremium.

Click here to learn why

0