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Canyon Capital Advisors Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Canyon Capital Advisors, LLC is an investment fund management firm based in Los Angeles. More specifically, the firm manages hedge funds, securitized asset funds and private equity 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 Capital Advisors Background

Canyon Capital Advisors was founded back 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 trusts. Friedman and Julis also co-founded the firm, and there are a numbr of partners on staff.

Canyon Capital Advisors Client Types and Minimum Account Sizes

Canyon Capital Advisors only advises its own funds. It does not advise any individual or institutional clients. Investors in Canyon's funds include individuals, trusts, pension plans, corporations and other public and private entities.

Canyon generally requires a minimum investment of $50 million in its funds.

Services Offered by Canyon Capital Advisors

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

Canyon Capital Advisors 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

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

Canyon Capital Advisors has no disclosures on its SEC record.

The performance-based fees charged by Canyon represent a potential 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. However, the firm is a fiduciary, legally binding it to act in clients' best interests at all times.

Opening an Account With Canyon Capital Advisors

To invest with Canyon Capital Advisors, contact investor relations at (310) 272-1200.

All information is accurate as of the writing of this article.

Investing Tips

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How Long $1mm 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.

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

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

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%. 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