The Canyon Value Realization Fund gained 6.19% for the first quarter and another 1.62% for last month through Apr. 26. The fund recorded gains in all the major asset classes it invested in during Q1. Liquidity provider The Canyon team cut the fund’s “level of investedness” 9% in the six months before the fourth quarter of 2018 and then another 4% in October and November. They said accumulating all that cash enabled them to “act as a liquidity provider rather than a liquidity seeker when the markets entered freefall.” In December they made large purchases of corporate credit securities which…
This Hedge Fund Giant Outperformed While Cutting Exposure And Risk In Q1 Amid “Dismal (And Occasionally Baffling) Valuation”
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.