Multistrat Manager Canyon Posts Strong Gains

The multistrategy firm benefitted from reducing risk late last year.

Josh Friedman, co-founder and co-chairman of Canyon Partners (Kyle Grillot/Bloomberg)

Josh Friedman, co-founder and co-chairman of Canyon Partners

(Kyle Grillot/Bloomberg)

Canyon Partners has gotten off to a strong start this year — thanks, in part, to its moves to reduce risk last year.

The multistrategy hedge fund firm headed by Mitch Julis and Josh Friedman posted a 6.19 percent gain in its Canyon Value Realization Fund for the first quarter.

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