Canyon’s Friedman Spots ‘Mistakes’ in Frothy Markets

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  • Bloomberg Markets and Finance published this video item, entitled “Canyon’s Friedman Spots ‘Mistakes’ in Frothy Markets” – below is their description.

    Jun.02 — Hedge fund pioneer Josh Friedman has seen it all before, the breakdown of market discipline, and the inevitable bust that follows. Today, the co-founder and co-CEO of Canyon Partners sees “mistakes” being made in the aggressive bids by private-equity firms and SPACs. In this interview, he discusses the nature of distressed-debt investing, explains why Canyon focuses on higher-return strategies than many of its larger peers, reflects on the origins of the firm, shares his views on philanthropy, and reveals his rationale for moving to Dallas from Los Angeles. Friedman spoke exclusively to Erik Schatzker on Bloomberg’s “Front Row.”

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