Talk about good timing.
When Canyon Partners told clients in its fourth-quarter letter that it planned to launch a new fund, the Canyon Value Realization Fund-X, the credit-oriented multistrategy firm was in part responding to requests from clients for new products.
The ESG-oriented fund was designed to exclude securities in the energy sector — including oil and gas exploration, drilling, equipment, services, production, refining, marketing, storage, and transportation — as well as coal and consumable fuels, according to the letter, which Institutional Investor reported on at the time.
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