Josh Friedman, the co-founder of Canyon Partners, was one of the keynote speakers at this year's Sohn San Francisco Investment Conference.
The $24 billion fund group specializes in value-oriented investments, with a focus on distressed credit securitized assets, real estate and value equities.
According to the hedge fund's second-quarter letter to investors, Canyon has been steering its portfolio to take advantage of the "financial market reckoning" that has begun to play out in the corporate credit market this year.
The hedge fund's traders have been targeting the corporate bond and loan markets. These constituted 48% of the net asset value...

