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 in the second half of the month as…
PG&E bonds may have boosted Canyon Capital’s January returns [Exclusive]
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.