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Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Canyon Capital Terminates CEO

Dec 01, 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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