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Equities Hurt Canyon’s Performance in First Quarter

The multistrategy fund provided details of its investments in special situations.

      Joshua Friedman, Canyon Partners (Patrick T. Fallon/Bloomberg)Canyon Partners’ Canyon Value Realization Fund continues to muddle along, lagging many multi-strategy funds this year. The fund posted a slight loss in April, trimming its gain for the year to about 0.80 percent, according to HSBC. The performance compares with Canyon’s strong return

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