Canyon Capital Unveils Distressed Opportunity Fund

Nov 9 2010 | 10:31am ET

Los Angeles-based Canyon Capital Advisors has raised $45 million for its new hedge fund, the Canyon Distressed Opportunity Fund, according to regulatory filings.
 
The new vehicle is domiciled in the Cayman Islands and has a minimum investment of $5 million.
 
Canyon and its affiliates currently manage investment partnerships and separate accounts with approximately $18.3 billion in assets. The multi-strategy hedge fund firm is headed by Joshua Friedman and Mitchell Julis, who cofounded the company in 1994. 
 
Canyon Capital Advisors declined to comment on the new fund.

In Depth

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note