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Canyon Capital Advisors, LLC Review

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Canyon Capital Advisors

Canyon Capital Advisors

Canyon Capital Advisors, LLC is a fee-based firm in Los Angeles managing money for a number of hedge funds. It only manages these funds and does not provide traditional asset management serves to individuals or any other institutional clients. If you are looking for an advisor to manage your personal portfolio, consider finding one with SmartAsset’s free financial advisor matching service.

Canyon has more than $21 billion in assets under management.

Canyon Capital Advisors LLC  Background

Canyon was founded in 1994. This company is actually the successor to another firm, Canyon Capital Management, L.P. The firm is owned by Joshua S. Friedman and Mitchell R. Julis, though family limited partnerships and/or trusts.

What Types of Clients Does Canyon Capital Advisors LLC  Accept?

Canyon Capital Advisors only advises its own funds. It does not advise any individual clients. If you are interested in finding an advisor who works with individual portfolios, consider finding one with SmartAsset’s free financial advisor matching service

Investors in the funds include individuals, trusts, pension plans, corporations and other public and private entities.

Canyon Capital Advisors LLC  Minimum Account Sizes

Canyon generally manages investment advisory accounts with a minimum size of $50 million and will require that no withdrawal be made that makes the total amount less than $25 million.

Services Offered by Canyon Capital Advisors LLC 

The main service offered by Canyon is the ability to invest in its various funds. It does not offer individual investment management services or financial planning services

Investment Philosophy

The investment strategy offered at Canyon varies based on the fund you choose to invest in. Some of the strategies include:

  • Flagship: investing across industries and asset classes, targeting a wide universe of mispriced securities
  • Opportunistic and closed-end: hybrid private equity style seeking to extract excess return premium
  • Real estate: investing in commercial real estate debt and equity
  • River Canyon and CLOs: income-oriented credit strategies

Fees Under Canyon Capital Advisors LLC 

Generally investors in Canyon’s funds are charged an asset-based management fee and/or a performance-based fee. The asset-based fees generally fall between 1% and 2% each year. The performance-based fee is normally 20% of the yearly profit, subject to a loss carryforward adjustment and a “high water mark.”

What to Watch Out For

As noted above, this is not a traditional investment management firm. If you are looking for that type of service, find an advisor with SmartAsset’s free financial advisor matching service.

Also note that advisors at the firm are also broker-dealers, a potential conflict of interest. The performance fee may also represent a conflict of interest, as it could be an incentive for advisors to take more risks to get a higher return and, thus, a higher fee.

Disclosures

The firm has no disclosures on its record in the past 10 years.

Where Is Canyon Capital Advisors LLC Located?

Canyon’s headquarters are at 2000 Avenue of the Stars, 11th Fl, Los Angeles, California 90067. There are additional offices in London, New York, Shanghai and Tokyo.

Opening an Account With Canyon Capital Advisors LLC 

To invest with Canyon, contact investor relations at (310) 272-1200 or IR@canyonpartners.com.

Tips for Investment

  • A financial advisor focused on individual investors can help you get a handle on your finances. SmartAsset’s free tool matches you with financial advisors in your area in five minutes. If you’re ready to be matched with local advisors that will help you achieve your financial goals, get started now.
  • Investments should grow over time. See what yours might look like down the road with SmartAsset’s free investment calculator

How Many Years $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology To determine how long a $1 million nest egg would cover retirement costs in cities across America, we analyzed data on average expenditures for seniors, cost of living and investment returns.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. This reflects the typical return on a conservative investment portfolio. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research