Los Angeles-based Canyon Capital Advisors, headed by famous hedge fund managers Josh Friedman and Mitch Julis, delivered 1.64% performance in February, bringing its year to date performance up to 2.52%, according to an investor letter reviewed by ValueWalk. Equity markets bounce, Yellen noted: Canyon “After a painful January, US equity markets bounced sharply in February, shrugging off EM-related uncertainties and underwhelming US economic data points (helped by Janet Yellen’s more dovish commentary during the month),” the letter said, noting the S&P 500 finished February at an all-time high while the high yield bond market experienced significantly lower volatility. The high yield market was…
Canyon Capital Has Strong February With Gains On I-Bank Liquidation
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.