River Canyon Total Return Bond Fund Surpasses $1 Billion AUM Milestone
December 7, 2021
Fund AUM nearly doubled in size during second half of 2021
LOS ANGELES, Dec. 7, 2021 – Canyon Partners (“Canyon”), a global alternative asset manager, is pleased to announce that the River Canyon Total Return Bond Fund (ticker: RCTIX) (the “Fund”) has surpassed $1 billion in assets under management.* The mutual fund has achieved year-over-year growth of 358%.
RCTIX is a total return credit strategy that invests across the full spectrum of the $13 trillion structured credit universe and the broader fixed income market. The Fund has consistently outperformed its benchmark, the Bloomberg US Aggregate Index, and its fund category, and has an Overall Morningstar Rating of 5 stars out of 549 funds in the Short-Term Bond category based on risk-adjusted returns. Investors in the Fund benefit from exposure to a sector that has historically low correlation to traditional asset classes.
“We attribute RCTIX’s growth to its consistent track record of outperformance across a broad range of market environments in conjunction with growing demand for diversification away from generic fixed income sectors that offer tight spreads and low overall yields,” said George Jikovski, Senior Portfolio Manager and Head of Structured Products at Canyon Partners. “We look forward to continuing to serve our clients in what is shaping up to be a potentially challenging macro landscape.”
River Canyon was established in 2013 to extend Canyon’s expertise in stressed, distressed and special situation investments into the more liquid areas of the credit universe. The Fund’s portfolio management team is supported by Canyon’s broader investment platform and resources, and the Fund’s value-oriented credit selection process is consistent with Canyon’s general approach to investing – a combination of in-depth research, scenario analysis and risk management to maximize upside capture, with a low-to-negative downside capture.
Canyon’s distribution efforts for the Fund are primarily focused in the intermediary and private wealth management channels, where the majority of the Fund’s assets have originated. Canyon works 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.
About River Canyon Fund Management
In 2013, Canyon Partners established River Canyon Fund Management as an investment advisor for its more liquid credit strategies. With an emphasis on structured credit, River Canyon’s mandates include the River Canyon Total Return Bond Fund as well as bespoke separately managed accounts designed to fit investor objectives. These strategies bring to bear the full resources of the Canyon platform, including the experienced credit research, trading, legal, compliance, and operations teams.
For more information please visit: https://www.rivercanyonfunds.com.
*As of 11/18/21