Canyon Balanced Funds were up approximately 9.4% for the first six months of the year as all major asset classes in which they invest contributed positively to returns. In their August letter to investors, which was reviewed by ValueWalk, the Canyon team said idiosyncratic catalysts involving a variety of balance sheet transformation events drove their second-quarter performance. Q3 2021 hedge fund letters, conferences and more Canyon played a significant role in influencing many of those changes. The transformations included multiple restructurings, mergers and acquisitions, spinoff announcements, strategic financings, and other strategies. Going forward, the Canyon team saw a large amount…
Canyon Capital Is Riding The Wave Of Increased M&A
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.