The Canyon Value Realization Fund closed a difficult third quarter by noting how central bank “policy experimentation” was causing it to be more conservative. The value oriented credit hedge fund shaved -1.51 percent off performance to end the third quarter, but is still higher +3.68 percent year to date, an investor letter reviewed by ValueWalk. Coming into a volatile October, the fund was relatively unlevered with 19 percent of the portfolio in cash, which was a posture they believe to be appropriate for a slow growth world. Canyon’s goal of keeping a high level of cash The goal of keeping…
Canyon Does Some Bottom Fishing During October's Volatility
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.