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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.

       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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