Canyon Capital Profits From Carl Icahn’s Activism

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Rupert Hargreaves
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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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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk