Canyon Partners, LLC is an employee-owned

hedge fund A hedge fund is a Pooling (resource management), pooled investment fund that holds Market liquidity, liquid assets and that makes use of complex trader (finance), trading and risk management techniques to aim to improve investment performance and ...

founded by

Joshua S. Friedman Joshua S. Friedman (born 1956) is an American businessman and co-founder of Los Angeles–based hedge fund Canyon Capital Advisors, Canyon Partners. Early life and education Friedman grew up near Boston. His father was a mechanical engineer wh ...

and Mitchell R. Julis in 1990 located in

Los Angeles, California Los Angeles, often referred to by its initials L.A., is the List of municipalities in California, most populous city in the U.S. state of California, and the commercial, Financial District, Los Angeles, financial, and Culture of Los Angeles, ...

.The 50 Largest US Hedge Fund Managers
Hedge Fund Journal. Retrieved Apr 2010. Canyon Partners is a multi-strategy hedge fund and invests across

asset classes In finance, an asset class is a group of marketable financial assets that have similar financial characteristics and behave similarly in the marketplace. These instruments can be distinguished as either having to do with real assets or having ...

ranging from bank debt, high yield and

distressed securities In corporate finance, distressed securities are security (finance), securities over companies or government entities that are experiencing Financial distress, financial or operational distress, Default (finance), default, or are under bankruptcy. ...

, securitized

assets In financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value of ownership that can b ...

, direct investments,

convertible arbitrage Convertible arbitrage is a market-neutral investment strategy often employed by hedge funds. It involves the simultaneous purchase of convertible securities and the short sale of the same issuer's common stock. The premise of the strategy is ...

risk arbitrage Risk arbitrage, also known as merger arbitrage, is an investment strategy that speculates on the successful completion of mergers and acquisitions. An investor that employs this strategy is known as an arbitrageur. Risk arbitrage is a type of eve ...

, equities, and special situation securities. It has offices across the world in cities including Dallas, Hong Kong, London, Los Angeles, New York, Seoul, Shanghai, and Tokyo. As of January 2015, assets were approximately $23 billion. In 2011 ''Hedge Fund Journal's'' 50 Largest US Hedge Fund Managers, Canyon Capital Advisors ranked 20. In 2015, Institutional Investor/Alpha magazine gave Canyon an A grade and the 10th position in the ranking among hedge funds worldwide.

References

External links

Official website
{{Hedge funds Financial services companies established in 1990 Hedge fund firms in California