Canyon Partners is in the final stages of liquidating its Distressed Opportunity Fund II. Over the last few months, the firm has been selling the fund’s assets opportunistically. The Distressed Opportunity Fund II now has just one position left. Q3 2021 hedge fund letters, conferences and more Canyon Winds Down Distressed Opportunity Fund II According to a letter dated Dec. 20, which was obtained by ValueWalk, the position in the equity of a post-reorganization healthcare company has a market value of less than $5 million. Canyon Partners plans to exit the position in the near term. After selling the rest…
Canyon Partners Is Liquidating One Of Its Distressed Opportunity Funds
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.