Canyon Capital Advisors investors might want to rethink
those redemption notices. After an atrocious 2008, which led to
hefty redemption requests, Canyon's funds have made big gains
with the credit market's resurgence. For the year through May
22, Canyon Capital Arbitrage Fund rose 51.04%; Canyon Value
Realization Fund netted 27.6% through June 5.
Mitch Julis and Josh Friedman
Canyon was hard hit by last year's financial crisis, and
investors still with the Los Angeles firm could use the relief.
Canyon Value Realization,...