Canyon Capital Profits From Carl Icahn’s ActivismRupert Hargreaves
Los Angeles-based hedge fund Canyon Partners doesn't see many opportunities in the current market. The firm, which has around $23 billion of assets under management, is "significantly underinvested" according to co-CEO Joshua Friedman. Speaking with Bloomberg in Davos, Switzerland, at the end of January, Friedman declared that in the current environment, where rates and spreads are low, new issue market is "particularly unattractive."
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