Mitch Julis: This Is A “Vivid Reminder” Of How Quickly Markets Can Turn [Exclusive]

While the broader stock and credit markets rode a wave of “discount rate compression and multiple expansion in 2019,” idiosyncratic events “shaped the year” for Canyon Partners’ Distressed Opportunity Fund II. If you’re looking for value stocks, and exclusive access to value-focused hedge fund managers, check out Hidden Value Stocks. According to the fund’s year-end 2019 letter to investors, a copy of which has been reviewed by ValueWalk, the majority of the gains in the fund’s portfolio came from to post distressed companies that announced symbiotic M&A transactions.   The fund, the second in a series of three (so far)…