Alternative asset manager Canyon Partners has marked the five-year anniversary of the River Canyon Total Return Bond Fund (RCTIX). Since inception in 2014, the fund has consistently outperformed its benchmark, the Bloomberg Barclays US Aggregate Index, and its fund category on an annualised basis by 3.19 per cent and 2.40 per cent respectively. The fund has a 5-Star overall Morningstar Rating.
“The growth and performance of the Fund is reflective of Canyon’s research process, focus on security selection, and our long history of generating strong absolute and risk-adjusted returns in structured credit sectors,” says George Jikovski, Senior Portfolio Manager and Head of Structured Products at Canyon Partners. “In an environment of low global interest rates and compressed credit spreads, we believe the Fund’s structured credit focus has the potential to offer investors attractive relative returns and diversification away from generic corporate credit risk.”
Canyon has focused their distribution efforts in the intermediary and private wealth management channels, where the majority of the fund’s USD150 million in assets have originated. With a strong track record and increasing assets under management, Canyon has been working closely with global banks, existing and prospective institutional clients, and the larger ultra-high-net-worth marketplace to expand access to RCTIX for a wider range of investors.
“Our entry into the mutual fund space was a natural extension of our product offerings, where we are able to leverage our core competencies to provide excellent value to the investment needs of a broader client base,” says Josh Friedman, Co-Founder and Co-CEO of Canyon Partners. “The success of the Fund is a testament to our thirty years of expertise in credit analysis and the skill of our portfolio management teams.”
The fund’s portfolio management team continues to leverage the expertise of Canyon’s investment team and resources as the fund expands its exposure to include CLOs, ABS, and other esoteric structured credit sectors. The Fund’s value-oriented credit selection process is consistent with Canyon’s overall approach to investing.
