Canyon Capital Advisors
Encyclopedia
Canyon Partners is an employee-owned hedge fund
founded by Joshua S.Friedman and Mitchell R. Julis
in 1990 located in Los Angeles, California
.
Canyon Partners is a multi-strategy hedge fund and invests across asset classes ranging from bank debt, high yield and distressed securities
, securitized assets, direct investments, convertible arbitrage
, risk arbitrage
, equities and special situation securities.
In 2011, assets were approximately $20 bn. In the 2011 Hedge Fund Journal's 50 Largest US Hedge Fund Managers Canyon Capital Advisors ranked 20;
Hedge fund
A hedge fund is a private pool of capital actively managed by an investment adviser. Hedge funds are only open for investment to a limited number of accredited or qualified investors who meet criteria set by regulators. These investors can be institutions, such as pension funds, university...
founded by Joshua S.Friedman and Mitchell R. Julis
Mitchell R. Julis
Mitchell R. Julis is an American businessman and co-founding partner of Los Angeles hedge fund Canyon Capital Advisors.-Early Life and Education:...
in 1990 located in Los Angeles, California
Los Angeles, California
Los Angeles , with a population at the 2010 United States Census of 3,792,621, is the most populous city in California, USA and the second most populous in the United States, after New York City. It has an area of , and is located in Southern California...
.
Canyon Partners is a multi-strategy hedge fund and invests across asset classes ranging from bank debt, high yield and distressed securities
Distressed securities
Distressed securities are securities of companies or government entities that are either already in default, under bankruptcy protection, or in distress and heading toward such a condition. The most common distressed securities are bonds and bank debt...
, securitized assets, direct investments, convertible arbitrage
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....
, risk arbitrage
Risk arbitrage
Risk arbitrage, or merger arbitrage, is an investment or trading strategy often associated with hedge funds.Two principal types of merger are possible: a cash merger, and a stock merger. In a cash merger, an acquirer proposes to purchase the shares of the target for a certain price in cash...
, equities and special situation securities.
In 2011, assets were approximately $20 bn. In the 2011 Hedge Fund Journal's 50 Largest US Hedge Fund Managers Canyon Capital Advisors ranked 20;