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Canyon Posts Gains in Q2, Despite Falling Bond Markets

The Los Angeles-based credit hedge fund firm was up 10 percent through mid-July thanks to savvy trading and rising interest rates.

“Don’t confuse brains with a bull market,” the old Wall Street saying goes. In other words, the real test of a manager’s ability is how he handles adversity when the markets he specializes in turn against him. One firm that continues to pass this test with ease is Canyon Partners,

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