Canyon Partners is an employee-owned

hedge fund A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction, and risk management techniques in an attempt to improve performance, such as s ...

founded by Joshua S. Friedman and Mitchell R. Julis in 1990 located in

Los Angeles, California Los Angeles ( ; es, Los Ángeles, link=no , ), often referred to by its initials L.A., is the largest city in the state of California and the second most populous city in the United States after New York City, as well as one of the world' ...

.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 financial instruments that have similar financial characteristics and behave similarly in the marketplace. We can often break these instruments into those having to do with real assets and those having ...

ranging from bank debt, high yield and

distressed securities Distressed securities are securities over companies or government entities that are experiencing financial or operational distress, default, or are under bankruptcy. As far as debt securities, this is called distressed debt. Purchasing or holding s ...

, 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 ...

, 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 t ...

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 even ...

, 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