The Hedge Fund Specializing in Credit, But Winning in Stocks

Distressed loans and debt still account for a large slice of Canyon Partners’ portfolio, if not its recent returns.

Joshua Friedman (Joe Buglewicz/Bloomberg)

Joshua Friedman

(Joe Buglewicz/Bloomberg)

Canyon Partners may be known as a multi-strategy hedge fund firm with a strong emphasis on credit strategies. But it was equities that drove returns amid an overall surging stock market in the first half of this year.

The Canyon Value Realization Fund gained 2.4

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