• 17 Aug 2009 at 3:48 PM

Dear Canyon Crew

By Bess Levin

According to the investor letter, dated August 14, 2009, Canyon Value Realization Fund, L.P. returned +18.78% for the second quarter of 2009. This brings year-to-date returns through June 30, 2009, to +24.87%.
Also enclosed are plans for the future. The Fund’s “strategy,” basically. The short version is: suck less than ’08, Canyon’s worst year ever. The long version can be found in the letter.
Worst Year Ever For Canyon Hedge Funds [FINalternatives]

Comments (16)

  1. 1
    Posted by guest | August 17, 2009 at 3:52 PM

    more HFs oughta move to LA.

  2. 2
    Posted by guest | August 17, 2009 at 3:53 PM

    @1 I burn too easily.
    -SC

  3. 3
    Posted by guest | August 17, 2009 at 3:54 PM

    i’m not gonna read that pdf…..oomph!!

  4. 4
    Posted by guest | August 17, 2009 at 3:55 PM

    @3 congratulations?

  5. 5
    Posted by guest | August 17, 2009 at 4:00 PM

    That’s my strategy too.
    -kenny g

  6. 6
    Posted by guest | August 17, 2009 at 4:01 PM

    kg@5 you’re such a dickfore.
    -SC

  7. 7
    Posted by guest | August 17, 2009 at 4:06 PM

    let me guess, next quarter the fund will be down 10%? ha!

  8. 8
    Posted by guest | August 17, 2009 at 4:09 PM

    @7 why is that funny?

  9. 9
    Posted by guest | August 17, 2009 at 4:15 PM

    @7 huh?

  10. 10
    Posted by guest | August 17, 2009 at 4:18 PM

    not impressed.
    -biff basness

  11. 11
    Posted by guest | August 17, 2009 at 4:23 PM

    Comment removed by moderator.

  12. 12
    Posted by guest | August 17, 2009 at 4:46 PM

    I’ve improved my range-of-motion scores considerably over the past week.

  13. 13
    Posted by guest | August 17, 2009 at 4:48 PM

    @12 wrong post dumbass

  14. 14
    Posted by registered_user | August 17, 2009 at 5:34 PM

    Right, forgive me for being unfunny and on-topic… but:
    a) why not write two investor letters for the pre & post 1 Jan 09 investors? It is bad enough that as a long standing investor you slap my balls by paying NEW investors an extra 1.12% in six months, bu then to rub my face in it? Unnecessary.
    b) HTF are they charging performance fees to the new investors? an increasing fee based on high-water marks? The new guys earned significantly more in Q1 and less in Q2 than the old guys? huh?

  15. 15
    Posted by guest | August 17, 2009 at 5:35 PM

    @14 was wondering the same thing…
    -canyon investor

  16. 16
    Posted by guest | August 17, 2009 at 5:36 PM

    @registered user- because they’re assholes?

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