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Canyon Capital Reduces Risk Over ‘Heightened’ Trade Uncertainties

Equities led second-quarter performance at the multistrategy fund, which reduced long exposure and boosted hedges during the period.

Canyon Capital Advisors reduced the level of risk in its Canyon Value Realization Fund in the second quarter, citing “heightened uncertainties” over global trade policy.The multistrategy hedge fund firm headed by Mitch Julis and Josh Friedman said it reduced its long exposure and increased hedges during the period, according to

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