Joshua S. Friedman (born 1956) is an American businessman and co-founder of Los Angeles–based hedge fund Canyon Partners.[1][2]

Joshua S. Friedman
Born1956 (age 67–68)
Boston, Massachusetts
NationalityAmerican
Education
  • B.A. (Harvard College) Phi Beta Kappa
  • M.A. (University of Oxford) Marshall Scholar
  • J.D. (Harvard Law School)
  • M.B.A. (Harvard Business School) Baker Scholar
Occupation(s)Investor and businessman
Years active1984-present
Employers
  • Goldman, Sachs & Co.
  • Drexel Burnham Lambert(1984-1990)
  • Canyon Partners(1990-Present)
Known forCo-founder of Canyon Partners
TitleCo-founder, Co-chairman and CEO of Canyon Partners

Early life and education edit

Friedman grew up near Boston. His father was a mechanical engineer who served during World War II before he finished college. His mother was a public-school teacher.[2]

He graduated summa cum laude from Harvard College in 1976, where he studied physics. In 1978 he went to the University of Oxford on a Marshall Scholarship where he received a master's degree in politics and economics, graduating with honors. He then returned to Harvard as a Baker Scholar, earning an M.B.A. from the Harvard Business School in 1980.[3] He graduated magna cum laude from Harvard Law School, where he was the recipient of the 1982 Sears Prize.[4][5]

Early career edit

After completing his studies at Harvard, Friedman was employed at Goldman, Sachs & Co., where he worked in their M&A group.[6] In 1983 Friedman joined Drexel Burnham Lambert and later became director of capital markets for high yield and private placements.[7]

Canyon Partners edit

In 1990, Friedman and Mitchell Julis co-founded Canyon Partners,[8] an employee-owned[9] alternative asset management company[10] that is headquartered in Los Angeles, California.[6]

Awards and honors edit

Friedman is a recipient of Institutional Investor's "Lifetime Achievement" award in 2014, he's considered a pioneer in the hedge fund industry.[11] In 2019, Friedman and his wife were recipients of the Ellis Island Medal of Honor.[12]

Philanthropy edit

Friedman is a member of the Board of Directors of Harvard Management Company,[13] the Harvard Business School Board of Dean's Advisors[14] and the Harvard University Task Force on Science and Engineering.[15] Friedman serves as a Trustee for the Andrew W. Mellon Foundation,[16] the California Institute of Technology (Caltech),[17] the Los Angeles Philharmonic,[10] and the Los Angeles County Museum of Art (LACMA).[18] He is a member of the Investment Committees for the Broad Foundation,[19] the J. Paul Getty Trust[16] and chair of the LACMA Finance Committee.[19] He also serves on the Boards of Advisors of the UCLA Hospital Department of Neurosurgery[20] and the UCLA Anderson School of Management.[21]

References edit

  1. ^ "Joshua S. Friedman - CNBC". www.cnbc.com. Retrieved 2019-09-01.
  2. ^ a b Rose-Smith, Imogen (2 October 2014). "Canyon Capital Thrives in a Transforming Financial Landscape". Institutional Investor. Retrieved 19 September 2019.
  3. ^ "Joshua S. Friedman - CNBC". www.cnbc.com. Retrieved 2019-10-06.
  4. ^ "Joshua S. Friedman - CNBC". www.cnbc.com. Retrieved 2019-09-19.
  5. ^ "Bio - Friedman, Joshua". SALT Conference. Retrieved 2019-09-19.
  6. ^ a b McDonald, Michael (24 August 2015). "Harvard Adds Hedge Fund CEO, Ex-Fed Governor to Endowment Board". www.bloomberg.com. Retrieved 2019-09-01.
  7. ^ "Joshua S. Friedman | Los Angeles Business Journal". labusinessjournal.com. 30 July 2018. Retrieved 2019-09-08.
  8. ^ "Canyon Capital Thrives in a Transforming Financial Landscape". Institutional Investor. Retrieved 2019-09-01.
  9. ^ "Leadership | Canyon Partners". www.canyonpartners.com. Retrieved 2019-09-08.
  10. ^ a b "Joshua S. Friedman | Los Angeles Business Journal". labusinessjournal.com. 30 July 2018. Retrieved 2019-09-01.
  11. ^ Ciolli, Joe. "Josh Friedman, the hedge fund titan who predicted the mortgage crisis, explains why his firm is spending $1 billion to short the commercial real estate market". Business Insider. Retrieved 2019-09-01.
  12. ^ "2019 Ellis Island Medal of Honor Recipients". eihonors.org. Archived from the original on 2019-07-15. Retrieved 2019-09-01.
  13. ^ "About HMC: A Singular Mission". Harvard Management Company. Retrieved 2019-09-25.
  14. ^ "Bio - Friedman, Joshua". SALT Conference. Retrieved 2019-09-25.
  15. ^ "Star-Friedman Challenge for Promising Scientific Research will double to include HMS, HSPH faculty". Harvard Gazette. 2018-05-18. Retrieved 2019-09-25.
  16. ^ a b Washington, Laura (6 March 2019). "Kathryn Hall Succeeds Danielle S. Allen as Board Chair of The Andrew W. Mellon Foundation, Thelma Golden and Joshua Friedman Join the Board". Mellon.org. Retrieved 25 September 2019.
  17. ^ "Trustee List | Board of Trustees". bot.caltech.edu. Retrieved 2019-09-25.
  18. ^ "Michael Heizer's Levitated Mass to Open at LACMA June 24 | LACMA". www.lacma.org. Retrieved 2019-09-25.
  19. ^ a b "Kathryn Hall succeeds Danielle S. Allen as Board Chair of The Andrew W. Mellon Foundation, Thelma Golden and Joshua Friedman Join the Board". Cision. 6 March 2019. Retrieved 25 September 2019.
  20. ^ "JOSHUA FRIEDMAN | Los Angeles Business Journal". labusinessjournal.com. 19 May 2019. Retrieved 2019-09-25.
  21. ^ "Who's Who at UCLA Anderson". UCLA Anderson School of Management. Retrieved 2019-09-25.