Canyon Partners, LLC is an employee-owned hedge fund founded by Joshua S. Friedman and Mitchell R. Julis in 1990 located in Los Angeles, California.

[2][3] Canyon Partners is a multi-strategy hedge fund and invests across asset classes ranging from bank debt, high yield and distressed securities, securitized assets, direct investments, convertible arbitrage, risk arbitrage, equities, and special situation securities.

[4] It has offices across the world in cities including Dallas, Hong Kong, London, Los Angeles, New York, Seoul, Shanghai, and Tokyo.

[5] In 2011 Hedge Fund Journal's 50 Largest US Hedge Fund Managers, Canyon Capital Advisors ranked 20.

[citation needed] In 2015, Institutional Investor/Alpha magazine gave Canyon an A grade and the 10th position in the ranking among hedge funds worldwide.