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Canyon Capital Terminates Head Honcho

Nov 20, 2013
Jing Chen

K. Robert “Bobby” Turner, the chairman and CEO of the real estate arm of hedge fund firm Canyon Capital Advisors, has reportedly been “removed” from his position.

According to Pensions & Investments, Canyon Capital Realty Advisors notified investors this week of the leadership change in an attempt to “better integrate the unit with the broader Canton initiative.”

Canyon Capital co-founders Joshua Friedman and Mitchell Julis will share the role of co-chairman, while principal Jonathan Roth has been promoted to president. Roth will be responsible for leading the investment management and asset management teams.  

California-based Canyon has around $19 billion in AuM.

 

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