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Canyon Capital Advisors founders Mitchell Julis and Joshua Friedman can trace their partnership back to Harvard, where they were roommates while working toward dual MBA and law degrees. Later, the pair started their careers trading junk bonds at Drexel Burnham Lambert, the fabled firm that invented the junk bond market before collapsing in 1990 after an insider trading scandal. Despite its tarnished legacy, Drexel spawned a few high-profile asset management firms, including Canyon. Julis and Friedman set up the firm as a specialist in credit-related strategies, but the devastating Russian debt default in 1998 led the founders to diversify…
Back to Hedge Fund 100 Firm Profile Ranking 31. Canyon Partners / $15.1 billion Location: Los Angeles, CA Founded: 1990 2016 Hedge Fund 100 Rank: No. 36 2016 Capital: $15.3 billion 2015 Hedge Fund 100 Rank: No. 31 2015 Capital: $17.4 billion Years on List: 16 Website: www.canyonpartners.com Address: 2000 Avenue of the Stars 11th FloorLos Angeles, CA 90067 Phone: 310-272-1000 Fax: 310-272-1001 Profile & News
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