Canyon Value Surges In July

Jul 26 2012 | 11:53am ET

Canyon Partners' July has been almost as good as its second quarter, pushing the firm into double-digits for the year.

The $19 billion Los Angeles-based firm's Value Realization Fund has returned 1% this month, ValueWalk reports. That's almost as much as the 1.2% Canyon managed in the second quarter, and it leaves the fund up 10.4% on the year.

Canyon has boosted the Value fund's exposure to high-return debt and retains a large investment in non-agency residential mortgage-backed securities.


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