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Canyon Thrives by Staying Lean and Mean

The Los Angeles firm founded by Joshua Friedman and Mitchell Julis has benefited from tweaking its portfolio and reducing risk.

  • By Stephen Taub

       Mitchell Julis (left) and Joshua Friedman, Canyon (Julis: Patrick T. Fallon/Bloomberg; Friedman: David Paul Morris/Bloomberg) Canyon Partners' strategy to reduce overall market exposure and increase its exposure to special-situation corporate securities continues to pay off. The Los Angeles firm's two main funds are off to a strong start this year and,

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