Canyon Capital Advisors Announces Formation of Canyon International LLC.New Team Will Specialize spe·cial·ize v. 1. To limit one's profession to a particular specialty or subject area for study, research, or treatment. 2. To adapt to a particular function or environment. in International Strategies for Institutional and Private Investors LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. -- Canyon Capital Advisors LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control announced today that it has joined with Nathan B. Sandler, formerly Managing Director in charge of Emerging Markets and International Fixed Income at Trust Company of the West, to form Canyon International LLC. Canyon International LLC will be a fully integrated asset management firm specializing in international credit strategies for institutional and private clients. Canyon International LLC will develop an investment platform consisting of structured credit funds, long/short credit opportunities and other dedicated credit strategies. These strategies will include investing in Emerging Markets sovereign and corporate debt, European investment grade and below investment grade debt and credit derivatives Credit Derivative Privately held negotiable bilateral contracts that allow users to manage their exposure to credit risk. Credit derivatives are financial assets like forward contracts, swaps, and options for which the price is driven by the credit risk of economic agents (private . Joshua Friedman, Founding Managing Partner of Canyon Capital Advisors LLC, said, "It is a tremendous opportunity for us and our clients to join forces with Nathan Sandler, a long-time friend. Nathan is recognized as one of the leading players in international credit products." Mitchell Julis, Founding Managing Partner of Canyon Capital Advisors LLC, added, "Together we will offer Canyon's clients and other qualified investors the opportunity to invest in the international credit markets and related strategies. With Nathan's leadership we have begun the process of building another world class investment team to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. his unique skills." About Canyon Capital Advisors LLC Canyon Capital Advisors LLC is a leading alternative investment management firm located in Los Angeles, California, managing over $11 billion in assets for qualified institutional and high net worth investors. Established in 1990, Canyon's funds include hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" , structured finance and real estate strategies. |
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