Canyon Value Hedge Fund Up 10.4% Year to Date

Canyon Partners manages over $19 billion in assets.  The firm was started by ex-Drexel Burnham traders; Josh Friedman , Mitchell Julis. The flagship hedge fund is the Canyon Value Realization Fund. According to sources with direct knowledge of the matter, the Canyon Value Realization Fund had a 1.2 percent return for the second quarter, and 9.21 percent year-to-date for the period ending June 30, 2012. as of late July, the Fund was up 1.0 percent, bringing year-to-date returns to 10.4 percent. The S&P 500 for the same quarter was down 2.8 percent, and year to date was up 9.2 percent. CVRF’s returns are result…