Why Hedge Funds Will Flourish as Volatility Increases
Josh Friedman of Canyon Capital expects hedge funds, with their entrepreneurial environment, to be better-prepared for increasing volatility than more traditional asset managers.
In 1990, Josh Friedman founded the Los Angeles–based hedge fund and alternative investment firm Canyon Partners with his law school friend and former colleague Mitch Julis. Canyon launched its first hedge fund, the Canyon Value Realization Fund, in 1993. Today the firm has more the $24 billion in assets in a variety of value-oriented strategies. Friedman expects turbulence ahead and anticipates hedge funds to drive volatile markets.
See also our story, “Canyon Capital Thrives in a Transforming Financial Landscape.”