Joshua Friedman

Canyon Capital Advisors LLC

Joshua Friedman

Assets Under Management: $19 B
Net Worth: $1.6 B
Age: -
Location: Los Angeles, CA
Education: Harvard College (B.A.)
Oxford University (M.A.)
Harvard Law School (J.D.)
Harvard Business School (M.B.A.)

Joshua S. Friedman: Nose to the Grindstone

By any metrics, managing a multibillion-dollar fund is an exhausting task.  Add to that a dozen or so roles on various boards and committees, and you’ve got a rough approximation of the density of Joshua S. Friedman’s schedule.

Mr. Friedman is the Co-Founder, Co-Chairman and Co-Chief Executive Officer of Canyon Partners, LLC, a firm with a value-oriented investment approach across a broad spectrum of asset classes, including corporate credit, equities, and securitized products.  Founded and partner-owned with Mitchell R. Julius since 1990, Canyon specializes in value-oriented special-situation investments for endowments, foundations, pension funds, sovereign wealth funds, family offices, and other institutional investors.

A leading global alternative asset management firm headquartered in Los Angeles, Canyon manages approximately $19 billion in assets.  In addition to the aforementioned strategies, Canyon also invests in real estate through Canyon Capital Realty Advisors and the Canyon Johnson Urban Fund, and in emerging-market debt securities through ICE Canyon.

Joshua Friedman is a graduate of Harvard College (B.A., summa cum laude, Phi Beta Kappa, Physics), Oxford University (M.A., honors, Politics and Economics, Marshall Scholar), Harvard Law School (J.D., magna cum laude) and Harvard Business School (M.B.A., Baker Scholar).

Prior to co-founding Canyon Partners, Mr. Friedman (commonly known as Josh) worked in the Mergers and Acquisitions Department of Goldman Sachs in New York; he also served as the Director of Capital Markets for High Yield and Private Placements at Drexel Burnham Lambert.

Mr. Friedman and his firm have garnered a number of accolades throughout the years.  For example, Canyon Partners’ flagship fund, the Canyon Value Realization Fund, received Institutional Investor’s Credit-Focused Hedge Fund Manager of the Year Award in 2013 and again in 2014.  Then, in 2015, The Canyon Structured Asset Fund received Institutional Investor’s Hybrid Hedge Fund of the Year Award.

Moreover, Josh Friedman serves on numerous boards and committees.  In particular, Mr. Friedman is a member of the Board of Directors of Harvard Management Company, and is a member of Harvard’s Committee on University Resources, the Harvard Law School Leadership Council, the Harvard Business School Board of Dean’s Advisors, and the Harvard University Task Force on Science and Engineering.

When not occupied with those responsibilities, Joshua Friedman serves as a Trustee for the California Institute of Technology, the Los Angeles Philharmonic, the UCLA Hospital Department of Neurosurgery, and the Los Angeles County Museum of Art.  In addition to all of that, Mr. Friedman serves on the Investment Committee for the Broad Foundation and chairs the Caltech and LACMA Investment Committees.

Throughout all of this activity, Joshua Friedman has earned the 25th rank on Forbes’ list of highest-earning hedge-fund managers.  He has also helped to make the Canyon Value Realization fund the ninth most profitable hedge fund of 2010, according to Bloomberg Markets Magazine.

Joshua S. Friedman has, in essence, embodied the notion of dedication in his life and career.  Thus his wealth, awards, and accolades are, to be sure, rewards reaped from a nose set firmly to the proverbial grindstone.


Download the App to See Their Active Portfolio

Copyright © 2018 Alfa Investing